Please do not give image format and solve with explanation A- An example of a permanent account is:a) Withdrawalb) Revenuesc) Sales expensesd)Merchandise inventory"

A permanent account refers to such accounts which does not close at the end of the accounting period…

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A- An example of a permanent account is : a) Withdrawal b) Revenues c) Sales expenses d) Merchandise inventory"

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 6QY

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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Please do not give image format and solve with explanation

A- An example of a permanent account is:
a) Withdrawal
b) Revenues
c) Sales expenses
d)
Merchandise inventory"

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