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Complete the following descriptions related to temporary and permanent accounts 1. Temporary accounts accumulate data related to one accounting period 2. Permanent accounts report
Complete the following descriptions related to temporary and permanent accounts 1. Temporary accounts accumulate data related to one accounting period 2. Permanent accounts report on activities related to (Click to select) accounting periods, and they carry their ending balances into the next period 3. (Click to select) accounts include all income statement accounts, the withdrawals account, and the income summary account 4. (Click to select) accounts generally consist of all statement of financial position accounts, and (Click to select) not closed Temporary Permanent
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