. Revenue and expense accounts are considered temporary accounts because they A. are used only once in a while. B. are closed out periodically. C. represent the asset and liability accounts. D. are used when preparing the balance sheet.

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Revenue and expense accounts are considered temporary accounts because they are closed out periodically.

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Asked 12/31/2014 12:15:11 PM

Updated 1/5/2015 5:07:37 AM

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The accounts listed on the trial balance with a credit balance include A. liability, owner’s capital, and revenue accounts. B. asset, liability, and owner’s capital accounts. C. owner’s capital, revenue, and expense accounts. D. liability, owner’s capital, and expense accounts.

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Updated 1/1/2015 12:20:51 PM

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debnjerry

The accounts listed on the trial balance with a credit balance include liability, owner’s capital, and revenue accounts.

Added 1/1/2015 12:20:51 PM

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