Definition
Capital stock account and retained earnings account, called 'permanent' because they are not closed at the end of an accounting period.
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Nearby Terms
- permanent employment
- permanent establishment
- permanent injunction
- permanent interest bearing share (PIBS)
- permanent lender
- permanent loan
- permanent owners' equity account
- permanent partial disability
- permanent record
- permanent residence
- permanent resident
- permanent total disability
- permanent virtual circuit (PVC)
Popular 'Accounting & Auditing' Terms
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