Permanent accounts include all of the following except:
A)Accumulated Depreciation-Equipment.
B)Prepaid Insurance.
C)Unearned Revenue.
D)Accounts Receivable.
E)Depreciation Expense-Equipment.

Question

Quizplus · Accepted Answer

Depreciation Expense-Equipment is a temporary account, not a permanent one. Permanent accounts include asset, liability, and equity accounts that carry their balances into the next accounting period.

Permanent Accounts Include All of the Following Except