Reference no: EM132739277
Problem 1: Permanent accounts would include
a. Assets, liabilities and income
b. Assets, liabilities, and equity
c. Income and expenses
d. Income, expenses, and equity
Problem 2: The following accounts normally reflect credit balances in an unadjusted trial balance
a. Liabilities, capital, withdrawals, and expenses
b. Liabilities, capital, withdrawals, and income
c. Liabilities, capital, revenues, and gains
d. Liabilities, withdrawals, revenues, and gains
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