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Question Practice

What does the term 'permanent accounts' refer to?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - I
Question Bank

What does the term 'permanent ...

Single Answer MCQ
Q-00053965

What does the term 'permanent accounts' refer to?

1

Accounts that are closed at year-end

2

Accounts carried across accounting periods

3

Accounts that do not show balances

4

Accounts that only reflect revenues

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