题目内容

Balance sheet accounts are called ____________________ accounts because they carry their balances to the next accounting period, and are not closed as long as the company continues to own the asset, owe the liability and have equity.

查看答案
更多问题

The unadjusted trial balance combines the trial balance items with the adjusting entries to determine the adjusted balances.()

Balance sheet accounts are referred to as temporary accounts because their balances are always changing.()

Since the net income increases the owner’s capital, the net income will be shown in the Balance Sheet () column. Hints: fill the blank with the accounting direction and the first letter should be in upper case.

If a business adopts a fiscal year that ends when business activities have reached the lowest point in its annual operating cycle. Such fiscal year is called the (). Hints: every first letter should be in lower case.

答案查题题库