Which of the following statements is true?
A)Balance sheet accounts are referred to as nominal accounts.
B)Balance sheet accounts are referred to as permanent accounts.
C)Dividends are permanent accounts.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

Balance sheet accounts are known as permanent accounts, as the balances in them do not close at the end of the accounting perio

Which of the Following Statements Is True