Which of the Following Statements Is Incorrect

Multiple Choice

Which of the following statements is incorrect?

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