Permanent accounts include all of the following except:
A) Accounts Receivable.
B) Unearned Revenue.
C) Depreciation Expense-Equipment.
D) Accumulated Depreciation-Equipment.
E) Prepaid Insurance.

Question

Quizplus · Accepted Answer

Depreciation Expense-Equipment is a temporary account, which is closed at the end of the accounting period, unlike permanent accounts that carry their balances into the next period.

Permanent Accounts Include All of the Following Except