Are revenue, expense, and withdrawal accounts temporary or permanent accounts?
Are cash, equipment, accounts payable, and capital accounts temporary or permanent accounts? QUESTION
The General ___________ is a diary of each specific account from under each component of the accounting equation.
What are the three reports within the Accounting Worksheet?
What is the report called which is the preliminary to the Income Statement and Balance Sheet (it’s contained in the Accounting Worksheet).
What account are the temporary accounts closed out to before everything is taken to Retained Earnings?
What is the most fundamental lesson in which the accounting profession is built off of?