Why are revenue and expense accounts called temporary accounts? Are there any other temporary accounts?

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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Question Posted: Jun 10, 2024 03:01 AM

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Why are revenue and expense accounts called temporary? Are there other temporary accounts
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Why are revenue and expense accounts called temporary accounts? Are there any other temporary accounts?

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Financial Accounting

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