Which of the Following Accounts Would NOT Be Considered a Permanent

question 63

Multiple Choice

Which of the following accounts would NOT be considered a permanent account?

• A)Accounts Receivable
• B)Depreciation Expense
• C)Accounts Payable
• D)Office Supplies

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Definitions:

Capitalism

A system of economics where the means of producing goods are privately owned and operated to generate profit, marked by open markets, the growth of capital, and labor for wages.

Oil Supplies

The total quantity of crude oil available from natural resources, production, or reserves at any given time.

Foreign Governments

The governing bodies of nations other than one's own, often interacting through diplomacy, trade agreements, and international law.

Competing Interests

Situations where different parties have conflicting goals or desires, often leading to a dispute or competition.