Which of the following is not a temporary account?
A)Wages Expense
B)Service Fees
C)Rent Expense
D)Capital

Question

Quizplus · Accepted Answer

Wages Expense, Service Fees, and Rent Expense are all temporary accounts because they are used to track revenue and expenses for a specific period of time, typically a month or a year. Capital, on the other hand, is a permanent account, which means it tracks the owner's equity in the business and is not closed out at the end of the accounting period.

Which of the Following Is Not a Temporary Account