When Closing the Books, Accountants Refer to Certain Accounts as "Permanent

Multiple Choice

When closing the books, accountants refer to certain accounts as "permanent or real" accounts-assets, liabilities, and equity. Why are they given this label?

A) These accounts record real, permanent assets and liabilities.
B) These accounts are useful for evaluating a company's operations for the current year.
C) They are called permanent accounts because their balances carry forward from year to year.
D) Only these entries are reflected in the owner's equity account.