QQuestionAccounting
QuestionAccounting
Which is not a temporary account?
A. Revenue
B. Expenses
C. Dividends
D. Retained Earnings
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Answer
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Step 1I'll solve this accounting problem step by step:
Step 2: Understand Temporary vs.
Permanent Accounts - Temporary accounts are accounts that are closed out at the end of each accounting period - Permanent accounts remain open from one accounting period to the next and carry forward their balance
Final Answer
Retained Earnings Retained Earnings is a permanent equity account that tracks the cumulative earnings of a company over time and is not closed out at the end of each accounting period.
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