Accounts that retain their balance from one period to the next are referred to as permanent accounts and include balance sheet accounts.

Name: Accounts that retain their balance from one period to the next are referred to as permanent accounts and include balance sheet accounts.
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Permanent accounts are those that do not reset to zero at the end of a period and include assets, liabilities, and equity accounts that are reported on the balance sheet.

Accounts That Retain Their Balance from One Period to the Next