If I said the "RED" type accounts have a short life, what might I be...
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Accounting
If I said the "RED" type accounts have a short life, what might I be referring to? (hint: D = A, in the 'vera' context) What permanent account inherits all the "RED" activity? (informally at interim periods, formally at fiscal year end) The 'year-end' entry affecting these RED accounts is called the _________ entries. Once these year-end entries are completed/posted, what are the only "type" of accounts that remain in the 'post' closing trial balance
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