How Do Temporary Accounts Differ from Permanent Accounts

question 30

Multiple Choice

How do temporary accounts differ from permanent accounts?

• A) Only temporary accounts are used in the adjustments at the end of the accounting period.
• B) Only permanent accounts are found on the financial statements.
• C) Only temporary accounts are closed at the end of the accounting period.
• D) Only permanent accounts are transferred to Retained Earnings during the closing

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