Revenues, expenses, and dividend accounts, which are closed at the end of each accounting period are:

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Revenues, expenses, and dividend accounts are considered temporary accounts because they are closed at the end of each accounting period to ensure a fresh start in the next period. The balances of these accounts are transferred to the retained earnings account or income summary account, which are permanent accounts.

Revenues, Expenses, and Dividend Accounts, Which Are Closed at the End