Permanent vs Temporary Accounts: What's the Difference?

Temporary accounts are used for short-term projects or temporarily holding funds, while permanent accounts are for long-term savings and investment goals.
Permanent vs Temporary Accounts: What’s the Difference?

STUDY OBJECTIVES After studying this chapter, you should understand: The Closing Process The closing process The post-closing trial balance The classified. - ppt download

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Permanent vs Temporary Accounts: What's the Difference?

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