Question

Choose all the permanent accounts. Group of answer choices Fees Earned Common Stock Dividends Depreciation Expense Office Equipment Salaries Expense Accumulated Depreciation Accounts Payable Supplies Salaries Payable

Answer 1

Answer:

The correct answer is:

a. Accounts Payable

b. Accumulated Depreciation

c. Casey Ryan, Capital

e. Cash

h. Office Equipment

j. Salaries Payable

k. Supplies

Explanation:

Permanent accounts are those that, even at the end of the accounting period, remain in force. These accounts belong to assets, liabilities and capital. For their part, the income, costs and expenses accounts must be closed at the end of the accounting period and recognized within the entity's capital (profit or loss).