Question: How do temporary accounts differ from permanent accounts? Multiple choice question. Only temporary accounts are used in the adjustments at the end of the accounting

How do temporary accounts differ from permanent accounts?
Multiple choice question.
Only temporary accounts are used in the adjustments at the end of the accounting period.
Only permanent accounts are transferred to Retained Earnings during the closing process.
Only temporary accounts are cleared out at the end of the accounting period.
Only permanent accounts are found on the financial statements.
debit to Deferred Revenue
credit to Cash
credit to Accounts Receivable
credit to Revenue
credit to Deferred Revenue

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