Accounts that are continuous from one accounting period to the next and balances are carried forward are

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Accounts that are continuous from one accounting period to the next and balances are carried forward are referred to as

a. Permanent accounts.

b. Fiscally continuous.

c. Post-closing assets.

d. Signature accounts.

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 16, 2022 02:48 AM

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Accounts that are continuous from one accounting period to the next and balances are carried forward are

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The balance sheet accounts are also known as permanent accounts or real accounts since the ba...View the full answer

Glencoe Accounting First Year Course

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