This is Kululu's year-end trial balance: $$\begin{array} { l c }
& \$ \
\text { Cash } & 50 \
\text { Sales Revenue } & 80 \
\text { Accounts Payable } & 30 \
\text { Equity } & 70 \
\text { Interest Expense } & 60 \
\text { Interest Receivable } & 50 \
\text { Interest Revenue } & 40
\end{array}$$ How many of the above are temporary accounts?

Question

This is Kululu's year-end trial balance: $$\begin{array} { l c } 
& \$ \
\text { Cash } & 50 \
\text { Sales Revenue } & 80 \
\text { Accounts Payable } & 30 \
\text { Equity } & 70 \
\text { Interest Expense } & 60 \
\text { Interest Receivable } & 50 \
\text { Interest Revenue } & 40
\end{array}$$ How many of the above are temporary accounts?

Quizplus · Accepted Answer

Temporary accounts include Sales Revenue, Interest Expense, and Interest Revenue, totaling three accounts.

This Is Kululu's Year-End Trial Balance How Many of the Above Are Temporary Accounts? A)One B)Two

This Is Kululu's Year-End Trial Balance How Many of the Above Are Temporary Accounts?
A)One
B)Two