An account that is not closed at the end of the period is called a(n) ________.

An account that is not closed at the end of the period is called a(n) temporary account expense account revenue account permanent account /1 pts

An account that is not closed at the end of the period is called a(n) temporary account expense account revenue account permanent account /1 pts

Answer

1) An account that is not close at the end of period is
Permanent account

So answer is d) permanent account

2) All assets will not converted to cash, but used up in
business operating cycle or one year which is greater is called
current assets

So answer is b) Current assets

3) Operating expense as a percentage of net sales is vertical
analysis

So answer is a) Vertical analysis

4) Property, plant and equipment is classified as plant
assets

So answer is c) Plant assets