Asked by Antoine Miquel on May 30, 2024
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Permanent
Refers to accounts or records in the general ledger that are not closed at the end of the accounting period, such as assets, liabilities, and equity accounts.
- Segment accounts based on characteristics, including their type, normal balance, the manner of financial statement reporting, and as either permanent or temporary entities.
Verified Answer
AF
Learning Objectives
- Segment accounts based on characteristics, including their type, normal balance, the manner of financial statement reporting, and as either permanent or temporary entities.