Multiple Choice
Which of the following accounts is a permanent account?
A) Supplies
B) Supplies Expense
C) Owner's drawing
D) Fees Income
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q31: The final closing entry transfers the balance
Q37: Withdrawals by the owner for personal use
Q70: Which of the following statements is correct?<br>A)
Q71: The entry to close the owner's drawing
Q72: After the closing entries are posted to
Q72: The entry to close an expense account
Q74: The _ entries reduce the balances of
Q76: The asset,liability,and owner's capital accounts appear on
Q77: The post-closing trial balance lists only the
Q78: After the closing entries are posted to