Which of these is not a permanent account?
A) Prepaid insurance
B) Rent expense
C) Loan
D) Owner's capital account
Correct Answer:
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Q13: Closing which of these accounts results in
Q14: Accounting entries made to reduce the temporary
Q15: On a worksheet if the opening balance
Q16: Income and expense accounts can be referred
Q19: If cleaning expenses for the year are
Q20: The correct closing entry for a profit
Q21: A d_ is a distribution of cash
Q22: After the closing entries have been posted,the
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Q35: Which statement relating to closing entries is
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