Which of the following is not a permanent account?
A) Supplies
B) Accounts Receivable
C) Owner's Capital
D) Depreciation Expense-Buildings

Name: Which of the following is not a permanent account? A) Supplies B) Accounts Receivable C) Owner's Capital D) Depreciation Expense-Buildings
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Question

Quizplus · Accepted Answer

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

Which of the Following Is Not a Permanent Account