Permanent Accounts
Which of the following terms refers to accounts whose balances are carried forward from one accounting period to the next?
A
Expense accounts
B
Permanent accounts
C
Owner's drawing account
D
Nominal accounts
E
Revenue accounts
clep.ai501(c)(3) non-profit • UBI: 606234803 • EIN: 42-2740810Which of the following terms refers to accounts whose balances are carried forward from one accounting period to the next?
Expense accounts
Permanent accounts
Owner's drawing account
Nominal accounts
Revenue accounts