All permanent accounts can be found:
A) on the Income Statement.
B) on the Statement of Owner's Equity.
C) on the Balance Sheet.
D) Permanent accounts do not appear on the financial statements.

Question

Quizplus · Accepted Answer

Permanent accounts are those whose balances are carried over into the next accounting period. These accounts can be found on the Balance Sheet, which includes assets, liabilities, and equity accounts.

All Permanent Accounts Can Be Found