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Which option correctly describes the characteristics of the four accounts? Insurance Expense Accumulated Depreciation Sales Unearned Revenue a. Debit Permanent/Real Debit Debit b. Credit Temporary/Nominal
Which option correctly describes the characteristics of the four accounts?
Insurance Expense | Accumulated Depreciation | Sales | Unearned Revenue | |
a. | Debit | Permanent/Real | Debit | Debit |
b. | Credit | Temporary/Nominal | Permanent/Real | Credit |
c. | Temporary/Nominal | Credit | Credit | Permanent/Real |
d. | Permanent/Real | Debit | Temporary/Nominal | Temporary/Nominal |
e. | None of the above |
Group of answer choices
a.
b.
c.
d.
e.
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