Tag Archives: permanent

Which Statements Below Are True Regarding Permanent and Temporary Accounts Closing Entry Periodical entries to close off the year What is a Endmost Entry? A closing entry is a journal entry that is made at the finish of an bookkeeping menstruum to transfer balances from a temporary account to a …

Which of the Following is Not a Permanent Account What is a Permanent Account? Permanent Accounts are accounts with balances that acquit over to the side by side business organisation period. Over time, their balances increase, decrease or are brought to a naught rest, but the account is never closed …