Which is NOT an example of a temporary account?
A)Wages expense
B)Service revenue
C)Accumulated depreciation
D)Electricity and gas expense

Name: Which is NOT an example of a temporary account? A)Wages expense B)Service revenue C)Accumulated depreciation D)Electricity and gas expense
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Question

Quizplus · Accepted Answer

Accumulated depreciation is a permanent account, as it carries its balance over to the next accounting period, unlike temporary accounts which are closed at the end of each period.

Which Is NOT an Example of a Temporary Account