Question
Accounts in a company's general ledger are divided into different categories. One of these categories is defined as follows: Accounts that are temporary and are
Accounts in a company's general ledger are divided into different categories. One of these categories is defined as follows: "Accounts that are temporary and are really just subcategories of Retained Earnings."
What label is given to these accounts?
| A. Nominal B. Subsidiary C. Accrual D. Real E. Fiscal |
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
