Which of the Following Accounts Is Not a Temporary Account

question 71

Multiple Choice

Which of the following accounts is not a temporary account?

• A)Withdrawals
• B)Fees Earned
• C)Cash
• D)Income Summary

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Definitions:

Long-term Memory

A type of memory capable of storing information for a prolonged period, ranging from days to a lifetime.

Short-term Memory

A thinking apparatus of limited scope, aimed at briefly sustaining information pending processing.

Longitudinal Study

A research method that involves observing the same subjects over a period of time, often years or decades.

Short-term Memory

A component of memory where small amounts of information can be stored for a short duration, typically seconds to minutes.