An account is called Permanent Account because a. The balance of the account is carried...
70.2K
Verified Solution
Link Copied!
Question
Accounting
An account is called Permanent Account because a. The balance of the account is carried forward to next accounting year b. The balance of the account is same amount and not allowed to change in any accounting year c. None of these d. The balance of the account is not carried forward to next accounting year Question 30 Not yet answered Marked out of 1 Flag question Which among the following account is NOT required to be used in an adjusting entry? a. Accrued Wages b. Cash c. Prepaid Insurance d. None of these
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
