Which of the following accounts is a temporary account?
A) Supplies
B) Interest Expense
C) Patents
D) Insurance
Correct Answer:
Verified
Q127: Expense accounts are temporary accounts.
Q128: The first financial statement prepared from the
Q129: Which of the following choices shows the
Q130: The statement of cash flows is prepared
Q131: Explain why the financial statements must be
Q133: Permanent accounts include all balance sheet accounts.
Q134: To close out an expense or loss
Q135: Presented below is an adjusted trial balance
Q136: All of the following accounts are permanent
Q137: Permanent accounts do not include _.
A) Rent
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