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Choose from the following list of terms/phrases to best complete the statements below. accounts include all income statement accounts the withdrawals account and the income

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Choose from the following list of terms/phrases to best complete the statements below. accounts include all income statement accounts the withdrawals account and the income summary account. Revenue, expense, and withdrawal accounts must accumulate information separately for each period and therefore must start each period with Income summary is a temporary account that contains a credit for the sum of all revenues (and gains) and a debit for the sum of all expenses (and losses) Permanent accounts report on activities related to future accounting periods and they carry their ending balances into the next period One or more Temporary Zero balance

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