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Choose from the following list of terms/phrases to best complete the statements below a Temporary b Permanent c One or more d. One e Zero balances f. Income Summary

Choose from the following list of terms/phrases to best complete the statements below. a. Temporary b. Permanent c. One or more d. One e. Zero balances f. Income Summary 1. _________ accounts generally consist of all balance sheet accounts, and these accounts are not closed. 2. Permanent accounts report on activities related to _________ future accounting periods, and they carry their ending balances into the next period. 3. Temporary accounts accumulate data related to _________ accounting period. 4. _________ accounts include all income statement accounts, the withdrawals account, and the Income Summary account.

May 14 2020 View more View Less

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