Which of the following accounts is not a temporary account?
A)Withdrawals
B)Fees Earned
C)Cash
D)Income Summary

Name: Which of the following accounts is not a temporary account? A)Withdrawals B)Fees Earned C)Cash D)Income Summary
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Question

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Cash is a permanent account, as it records the current and ongoing financial transactions of a business. Withdrawals, Fees Earned, and Income Summary are all temporary accounts, as their balances are reset to zero at the end of each accounting period.

Which of the Following Accounts Is Not a Temporary Account