Which of the following is not a temporary account?
A) Cash at bank
B) Interest revenue
C) Drawings
D) Rent expense

Question

Quizplus · Accepted Answer

Cash at bank is a permanent account as it reflects the company's ongoing financial position. The other options (B, C, and D) are all temporary accounts that are closed at the end of an accounting period. Interest revenue and rent expense are both examples of revenue and expense accounts, respectively, and drawings represent withdrawals of profits by an owner or shareholder.

Which of the Following Is Not a Temporary Account