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Which is a temporary account

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Reference no: EM133003600

Problem 1: Which of the following is a temporary account?

a. Utilities Expense

b. Vehicles

c. Accounts Receivable

d. Unearned Revenues

Problem 2: Which of the following is a permanent account?

a. Utilities Expense

b. Rent Expense

c. Prepaid Rent

d. Interest Revenues

Problem 3: Select the appropriate classification for Accounts Payable.

a. Asset

b. Liability

c. Stockholder's Equity

d. Revenue

e. Expense

Reference no: EM133003600

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