Income and expense accounts can be referred to as:

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Income and expense accounts are temporary accounts because their balance is reset to zero at the end of each accounting period. They are used to track revenues and expenses for a specific period and are closed out and transferred to retained earnings or another equity account at the end of the period. Permanent accounts, also known as real accounts, are those that are not reset to zero at the end of the accounting period, such as asset, liability, and equity accounts. Deferred accounts refer to accounts where income or expenses are postponed to a later period, such as prepaid expenses or deferred revenue.

Income and Expense Accounts Can Be Referred to As