Which of the Following Accounts Are Considered Permanent Accounts

question 207

Multiple Choice

Which of the following accounts are considered permanent accounts?

• A)Inventory and Cost of Goods Sold
• B)Land and Accounts Receivable
• C)Accounts Payable and Service Revenue
• D)Common Stock and Salary Expense

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Definitions:

Mutual Respect And Concern

A relationship characterized by reciprocal regard and care for the well-being of one another.

Exchange Relationships

Interpersonal connections where the interactions are based on reciprocal benefits, with the expectations of equivalent gains.

Primed To Think About Sex

The state of having one's thoughts easily influenced or directed towards sexual content, often through suggestive stimuli or context.

Cheating Spouse

A married person who is unfaithful or commits adultery, breaching the trust and expectation of monogamy in their relationship.