Multiple Choice
Match the terms that follow with the correct definitions.
-Accounts that are not closed out at the end of each fiscal year
A) Interim statements
B) Closing entries
C) Expenses
D) Real or permanent accounts
E) Drawing account
F) Income Summary
G) Post-closing trial balance
H) Accounting cycle
I) Expense and revenue
J) Temporary-equity accounts
Correct Answer:

Verified
Correct Answer:
Verified
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Q48: Match the terms that follow with the
Q49: Which of the following steps follows the
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