Which of the Following Accounts Is a Permanent (Real)account

question 348

Multiple Choice

Which of the following accounts is a permanent (real) account?

• A)Fees earned.
• B)Office supplies expense.
• C)Interest revenue.
• D)Accounts payable.
• E)Salaries expense.

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Definitions:

Working Poor

Individuals who have employment but whose earnings are not sufficient to meet the minimum living standards.

Economic Support

Financial or material assistance provided to individuals, families, or communities to ensure their basic needs are met or to support economic development.

Middle Class

Describes a socio-economic group that falls between the working class and upper class, often characterized by moderate incomes, education levels, and occupations.

Upper Class

A social group at the top of a societal hierarchy which possesses more wealth, power, and prestige than other classes.