Which of the following is a temporary account?
A)Sales
B)Inventory
C)Accounts Payable
D)Accounts Receivable

Name: Which of the following is a temporary account? A)Sales B)Inventory C)Accounts Payable D)Accounts Receivable
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Question

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Sales is a temporary account because it is closed at the end of the accounting period to determine the net income or loss, while the other accounts are permanent and carry their balances into the next period.

Which of the Following Is a Temporary Account