Which of the following is a temporary account?
A)Wages Expense
B)Service Fees Earned
C)Rent Expense
D)All of the above are temporary accounts

Question

Quizplus · Accepted Answer

All of the given options are examples of temporary accounts, which are accounts that track transactions for a specific period, such as a month or a year. These accounts are closed at the end of the period and their balances are transferred to permanent accounts, such as retained earnings or owner's equity.

Which of the Following Is a Temporary Account