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Which of the Following Types of Accounts Appear on the Statement

Question 36

Multiple Choice

Which of the following types of accounts appear on the Statement of Financial Position and Statement of Income respectively?
Statement of Financial Position           Statement of Income


A) Permanent accounts                         Permanent accounts
B) Permanent accounts                         Temporary accounts
C) Temporary accounts                         Permanent accounts
D) Temporary accounts                         Temporary accounts

Correct Answer:

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