QS $4-5($Static$)$ Explaining temporary and permanent accounts LO P$2$

Select the appropriate term to complete the statements below.

$$

accounts generally consist of all balance sheet accounts, and these accounts are not closed.

eBook

Permanent accounts report on activities related to $q,$ future accounting periods, and they carry their ending balances into the next period.

Print

eferences

Temporary accounts accumulate data related to $q,$ accounting period.

$q,$ accounts include all income statement accounts, the withdrawals account, and the Income Summary account.

Income sur

One

One or mor

Permanent