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What is another name for temporary accounts?
Nominal accounts
What is the difference between temporary accounts and permanent accounts?
Temporary accounts are like your revenue, expense, owner's drawing accounts and the income summary. Permanent accounts are like your assets, liability, and most of owner's equity accounts.
What accounts are not affected by closing entries?
the accounts affected by closing entries are temporary accounts like expenses
Accounts Payable is a temporary or permanent account?
permanent
What accounts r called temporary capital accounts?
Income Summary, Drawing, Expenses and Revenue.
Are balance sheet accounts are temporary accounts?
no
Revenue and expense accounts are considered temporary accounts because they?
they are temporary accounts because they are closed out at the end of each fiscal period.
What is another name for temporary accounts?
Nominal accounts
What is the difference between temporary accounts and permanent accounts?
Temporary accounts are like your revenue, expense, owner's drawing accounts and the income summary. Permanent accounts are like your assets, liability, and most of owner's equity accounts.
Why is ram is referred as temporary memory?
RAM is volatile or temporary
What accounts are affected by closing entries?
the accounts affected by closing entries are temporary accounts like expenses
What accounts are not affected by closing entries?
the accounts affected by closing entries are temporary accounts like expenses
Are temporary and permanent accounts on the balance sheet?
no
Account?
Accounts payable is a temporary obligation
Accounts Payable is a temporary or permanent account?
permanent
What accounts r called temporary capital accounts?
Income Summary, Drawing, Expenses and Revenue.
What is a temporary rise in CEA levels referred to as?
It is sometimes referred to as a "flare response." Recognition that a rise in CEA may be temporary and due to therapy is significant.
