Which of the Following Statements Is Incorrect

Multiple Choice

Which of the following statements is incorrect?

A) Permanent account is another name for nominal account.
B) Temporary accounts carry a zero balance at the beginning of each accounting period.
C) The Income Summary account is a temporary account.
D) Real accounts remain open as long as the asset,liability,or equity items recorded in the accounts continue in existence.
E) The closing process applies only to temporary accounts.