Which of the Following Accounts Are Considered Permanent Accounts

question 207

Multiple Choice

Which of the following accounts are considered permanent accounts?

• A)Inventory and Cost of Goods Sold
• B)Land and Accounts Receivable
• C)Accounts Payable and Service Revenue
• D)Common Stock and Salary Expense

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Definitions:

PP

Commonly used as an abbreviation for "pages" or "per pro" (per procurationem, meaning to sign on behalf of another person).

Abbreviation

An abbreviated form of a term or expression, used to simplify communication.

Hidden

Something that is concealed or not easily seen or found.

Abbreviation

A condensed version of a word or phrase.