Question: Select the appropriate term to complete the statements below. accounts generally consist of all balance sheet accounts, and these accounts are not closed. Permanent accounts

Select the appropriate term to complete the statements below.
accounts generally consist of all balance sheet accounts, and these accounts are not closed.
Permanent accounts report on activities related to
future accounting periods, and they carry their ending balances into the next period.
Temporary accounts accumulate data related to
accounting period.
accounts include all income statement accounts, the withdrawals account, and the Income Summary account.
Select the appropriate term to complete the statements below. accounts generally

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