What type of accounts do we close?
Reveal answer
Fill a bubble to check yourself
Keep practicing — related questions
- Which accounts are closed at the end of the accounting period by transferring them to trading and P& L acco...
- What is the last account closed in closing entries?
- What account is closed in the first closing entry?
- What type of account is not a permanent account?
- Which of the following accounts will not be on a balance sheet?
- To which account should the depreciation account be transferred in order to close it?
- Personal and real accounts are:
- All assets, liabilities and capital accounts are _____________ accounts whereas all the expenses and revenu...