1. Distinguish between permanent and temporary accounts. ( 1 mark)
2. Identify which of the following accounts is permanent or temporary in nature? ( 1.5 Marks)

1. Utilities Payable

2. Utilities Expense

3. Supplies

4. Supplies Expense

5. Fees Earned

6. Unearned Fees

7. Accounts Receivable

8. Dividends

9. Retained Earnings

10. Accumulated DepreciationEquipment

11. Depreciation ExpenseEquipment

12. Equipment

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