Which of these is not a permanent account?
A) Prepaid rent
B) Rent expense
C) Accounts receivable
D) Owner's capital account

Question

Quizplus · Accepted Answer

Prepaid rent, accounts receivable, and owner's capital account are all examples of permanent accounts. Rent expense is a temporary account used to track the expenses incurred for that specific accounting period and is closed out at the end of the period.

Which of These Is Not a Permanent Account