Which of the following account groups are temporary accounts?   a.Rent Revenue, Fees Earned, Miscellaneous Expense b.Cash, Dividends, Wages Payable c.Prepaid Insurance, Equipment, Fees Earned d.Common Stock, Dividends, Retained Earnings

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 1MC: Which of the following accounts is considered a temporary or nominal account? A. Fees Earned Revenue...
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Which of the following account groups are temporary accounts?
 
a.Rent Revenue, Fees Earned, Miscellaneous Expense
b.Cash, Dividends, Wages Payable
c.Prepaid Insurance, Equipment, Fees Earned
d.Common Stock, Dividends, Retained Earnings
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