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King Ltd's Year-End Trial Balance Includes the Following Accounts \bullet Cash \bullet

Question 3

Multiple Choice

King Ltd's year-end trial balance includes the following accounts.
\bullet Cash
\bullet Sales revenue
\bullet Accounts payable
\bullet Equity
\bullet Interest expense
\bullet Interest receivable
\bullet Motor vehicles
How many of these are temporary accounts?


A) One
B) Two
C) Three
D) Four

Correct Answer:

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