The capital stock account, as well as the retained profit account. They are known as being ‘permanent’ as they cannot be closed once the accounting period has ended.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
The capital stock account, as well as the retained profit account. They are known as being ‘permanent’ as they cannot be closed once the accounting period has ended.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.