Accounts which start a new accounting period with zero balances are referred to as temporary accounts and include both balance sheet and income statement accounts.

Name: Accounts which start a new accounting period with zero balances are referred to as temporary accounts and include both balance sheet and income statement accounts.
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Temporary accounts accumulate their balance for a period, but begin new accounting periods with a zero balance. These types of accounts are found on the income statement.

Accounts Which Start a New Accounting Period with Zero Balances