Which of the following is true concerning temporary and permanent accounts?A. Cash is a temporary accountB. Permanent accounts represent activity over the entire life of the companyC. Permanent accounts must be closed at the end of every reporting periodD. Temporary accounts represent activity over the previous three years

Explanation:

Briefly, temporaty accounts are closed at the end of the year, their balance is zeroed every year by transferring the balance to another account.

Then, option D. Temporary accounts represent activity over the previous three years is FALSE.

In contrast, the balance of permanent accounts are carried forward to the following year.

Then, option B. Permanent accounts represent activity over the entire life of the company is TRUE, and option C. Permanent accounts must be closed at the end of every reporting period is FALSE.

Most of the balance sheet accounts are permanent accounts. Some typical examples are Cash, Receivables, Inventory, Equipment, Payables, Capital,  Retained Earnings.

Then, the option A. Cash is a temporary account, is FALSE.

The income statement accounts are temporary accounts: Revenues, Expenses, Gains, Losses.

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muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.