Which of the Following Is Not a Temporary Account

question 14

Multiple Choice

Which of the following is not a temporary account?

• A) Cash at bank
• B) Interest revenue
• C) Drawings
• D) Rent expense

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Definitions:

Cost of Shoes

The cost of shoes encompasses the total expenses incurred in manufacturing or purchasing shoes, including materials, labor, and potentially distribution and marketing costs.

Departments

Distinct areas or divisions within an organization, each responsible for specific tasks or functions.

Cost Center

A division within an organization that does not directly add to profit but still incurs costs, such as a research and development department.

Maintenance Department

A division within an organization responsible for the upkeep, repair, and servicing of equipment and facilities.