1. an account in which the balance is brought forward for each new period is a (contra, permanent or temporary) account
2. which of these is not a type of temporary account? A) expense accounts B) asset accounts C) revenue accounts D) drawing accounts
3. which of these steps is the closing of the temporary accounts is incorrect? A) close expense accounts to income summary. B) close drawing to income summary. C) close revenue accounts to income summary. D) close income summary to owners capital account.