Which of the following accounts would not be considered a permanent account?
A)Accounts Receivable
B)Salaries Expense
C)Accounts Payable
D)Office Supplies

Question

Quizplus · Accepted Answer

Salaries Expense is a temporary account as it is used to track expenses incurred during a specific period and is closed out at the end of each accounting period. Accounts Receivable, Accounts Payable, and Office Supplies are permanent accounts as they track balances that carry forward from one accounting period to the next.

Which of the Following Accounts Would Not Be Considered a Permanent