Permanent Accounts Include All of the Following Except

question 65

Multiple Choice

Permanent accounts include all of the following except:

• A) Accounts Receivable.
• B) Unearned Revenue.
• C) Depreciation Expense-Equipment.
• D) Accumulated Depreciation-Equipment.
• E) Prepaid Insurance.

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Definitions:

Money Market Securities

Short-term debt instruments, typically issued by governments, financial institutions, and corporations, characterized by high liquidity and low risk.

Principal Investment

An original amount of money invested, excluding any earnings or losses.

Real Assets

Real assets are physical or tangible assets such as land, buildings, and commodities that have intrinsic value.

Total Asset Holdings

The complete array of assets owned by an individual or entity, including cash, stocks, bonds, property, and more.