Answered

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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

Sagot :

GinnyAnsweridn

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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