Which of the following is a permanent account?
A) dividends
B) advertising expense
C) building
D) selling expense
E) insurance expense

Name: Which of the following is a permanent account? A) dividends B) advertising expense C) building D) selling expense E) insurance expense
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Question

Quizplus · Accepted Answer

Permanent accounts are those that are not closed at the end of the accounting period. Building is a permanent account because it is an asset that will be used by the company for more than one accounting period.

Which of the Following Is a Permanent Account