Which of the following is a temporary account?
A) advertising expense
B) land
C) building
D) accounts payable
E) bonds payable

Name: Which of the following is a temporary account? A) advertising expense B) land C) building D) accounts payable E) bonds payable
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Question

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Advertising expense is a temporary account because it is closed out at the end of the accounting period and its balance is transferred to the income statement.

Which of the Following Is a Temporary Account