Respuesta :
At the conclusion of an accounting period, accounts receivable would be closed. Because accounts receivables are permanent accounts.
At the end of the fiscal year, the accounts receivable account is not to be closed. Because accounts receivables are permanent accounts that are included on the balance sheet at the end of the accounting year, this is the reason permanent accounts.
A company's asset account, which includes land, is not required to be closed at the conclusion of the fiscal year because it satisfies the accounts receivable requirements for permanent accounts.
A permanent account is one that is not closed at the end of the year, and accounts receivable this includes the accounts payable account. Therefore, it will likewise not be seen as a viable choice.
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