Examples of temporary accounts are Supplies and Prepaid Expenses, which are in the ledger for just a short time before they expire.

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Supplies and Prepaid Expenses are examples of permanent accounts, not temporary accounts. Temporary accounts are those that are closed at the end of the accounting period, such as revenues, expenses, and dividends. Permanent accounts carry their balances over into the next accounting period.

Examples of Temporary Accounts Are Supplies and Prepaid Expenses, Which