All the accounts in an accounting system can be classified broadly as either:
A. Income statement accounts.
B. Statement of financial position accounts.

Below are listed some other classifications of accounts. You are to identify them with the above classifications by entering either A or B to the left of each.

$\underline{\quad\quad}$1. Temporary accounts.
$\underline{\quad\quad}$2. Not closed at the end of the accounting period.
$\underline{\quad\quad}$3. Permanent accounts.
$\underline{\quad\quad}$4. Closed at the end of the accounting period.

Question

All the accounts in an accounting system can be classified broadly as either:
 A. Income statement accounts.
B. Statement of financial position accounts.

Below are listed some other classifications of accounts. You are to identify them with the above classifications by entering either A or B to the left of each.

$\underline{\quad\quad}$1. Temporary accounts.
$\underline{\quad\quad}$2. Not closed at the end of the accounting period.
$\underline{\quad\quad}$3. Permanent accounts.
$\underline{\quad\quad}$4. Closed at the end of the accounting period.

Quizplus · Accepted Answer

The Answer of All the accounts in an accounting system can be classified broadly as either:
 A. Income statement accounts.
B. Statement of financial position accounts.

Below are listed some other classifications of accounts. You are to identify them with the above classifications by entering either A or B to the left of each.

$\underline{\quad\quad}$1. Temporary accounts.
$\underline{\quad\quad}$2. Not closed at the end of the accounting period.
$\underline{\quad\quad}$3. Permanent accounts.
$\underline{\quad\quad}$4. Closed at the end of the accounting period.

All the Accounts in an Accounting System Can Be Classified ‾\underline{\quad\quad}​

All the Accounts in an Accounting System Can Be Classified $\underline{\quad\quad}$