From the list of accounts, determine whether the account is a temporary or permanent account. (Choices may be used more than once.)
-supplies expense

Name: From the list of accounts, determine whether the account is a temporary or permanent account. (Choices may be used more than once.) -supplies expense
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Question

Quizplus · Accepted Answer

Supplies expense is a temporary account because it tracks expenses for a specific accounting period and is closed to the owner's equity at the end of the period.

From the List of Accounts, Determine Whether the Account Is