Accounts that appear in the balance sheet are often called permanent or temporary accounts.

Name: Accounts that appear in the balance sheet are often called permanent or temporary accounts.
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Accounts that appear in the balance sheet are called permanent accounts because their balances are carried over to the next accounting period. Temporary accounts, on the other hand, are reset to zero at the end of the accounting period and include items like revenues, expenses, and dividends.

Accounts That Appear in the Balance Sheet Are Often Called