Which is NOT an example of a temporary account?
A) Wages expense
B) Accumulated depreciation
C) Service revenue
D) Utilities expense

Question

Quizplus · Accepted Answer

Accumulated depreciation is a permanent account used to track the cumulative depreciation of an asset over its useful life, while A, C, and D are all examples of temporary accounts used to track specific revenue, expense, or income transactions for a particular accounting period.

Which Is NOT an Example of a Temporary Account