patilshudh123 patilshudh123

24-07-2024
Business

Answered

Question 7

Which 2 accounts cannot be merged or made inactive?

A. Retained Earnings
B. Bank Accounts
C. Uncategorized Expense
D. Payroll Liabilities
E. Ask My Accountant

Answer :

GinnyAnswer GinnyAnswer

24-07-2024

Final answer:

Retained Earnings and Payroll Liabilities cannot be merged or made inactive.

Explanation:

Retained Earnings and Payroll Liabilities are the two accounts that cannot be merged or made inactive. Retained Earnings represent the accumulated profits of a company that have not been distributed to shareholders, and Payroll Liabilities consist of amounts owed to employees for their work.

Learn more about Financial Accounting here:

https://brainly.com/question/28506534

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