Which of the following accounts is a temporary account?
A)Withdrawals
B)Accounts Receivable
C)Cash
D)Accounts Payable

Name: Which of the following accounts is a temporary account? A)Withdrawals B)Accounts Receivable C)Cash D)Accounts Payable
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Question

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Withdrawals is a temporary account, as it is used to track the money taken out of the business by the owner or owners. Accounts Receivable, Cash, and Accounts Payable are all examples of permanent accounts.

Which of the Following Accounts Is a Temporary Account