Question: Select the appropriate term to complete the statements below. 1. Revenue, expense, and withdrawal accounts must accumulate information separately for each period and therefore must

Select the appropriate term to complete the
Select the appropriate term to complete the statements below. 1. Revenue, expense, and withdrawal accounts must accumulate information separately for each period and therefore must start each period with a 2. is a temporary account that contains a credit for total revenues (and gains) and a debit for total expenses (and losses). 3. Permanent accounts report on activities related to future accounting periods, and they carry their ending balances into the next period. 4. transfer end-of-period balances in expense, withdrawals, and revenue accounts to the capital account

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