Because variance accounts are
A) temporary accounts, they must be closed at year-end.
B) temporary accounts, their balances will carry over from one period to the next.
C) permanent accounts, they must be closed at year-end.
D) permanent accounts, their balances will carry over from one period to the next.

Question

Quizplus · Accepted Answer

Because variance accounts are temporary accounts, they must be closed at year-end.

Because Variance Accounts Are