Asked by Abbee Darsey on Jun 14, 2024
Verified
Real accounts are not permanent accounts.
End-of-period Spreadsheet
A tool used in accounting to compile all financial information before closing the books at the end of a reporting period.
Spreadsheet Heading
The title section at the top of a spreadsheet document that typically contains the name of the spreadsheet, columns, rows, or specific data identifiers.
- Comprehend the structure and utility of an end-of-period spreadsheet heading.
Verified Answer
HP
Harry PablaJun 14, 2024
Final Answer :
False
Explanation :
Real accounts are permanent accounts as they relate to the assets, liabilities, and equity of a business, which are not temporary in nature.
Learning Objectives
- Comprehend the structure and utility of an end-of-period spreadsheet heading.