Which account below is a permanent account?
A)Service Revenue
B)Depreciation Expense
C)Dividends
D)Deferred Revenue

Question

Quizplus · Accepted Answer

The revenue account and expense accounts (including Depreciation Expense)and the Dividends accounts are considered temporary accounts because they are used to track only the current year's results and then are closed before the next year's activities are recorded.Deferred Revenue,a liability account,is a permanent account.

Which Account Below Is a Permanent Account