Question: Permanent accounts: Multiple Choice never have zero balances. have their balances zeroed-out at the end of each accounting year. Have their ending balance from one

Permanent accounts:

Multiple Choice

  • never have zero balances.

  • have their balances zeroed-out at the end of each accounting year.

  • Have their ending balance from one year become its beginning balance for the following year.

  • do not have their year-end balance carried into the next year.

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