Accounting question?

Accounting question?
Which of the following are all temporary accounts? 1.liabilities, revenues, and expenses 2.revenues, expenses, and withdrawals 3.revenues, expenses, and capital 4.assets, revenues, and withdrawals


Answers:

researcher2:  # 1
2006-03-23 16:10:10
durb1215:  revenues, expenses, and withdrawls
2006-03-23 16:10:28
Chosen Answer
J.T.:  number 2
2006-03-23 16:10:38
Steve:  2
2006-03-23 16:23:37
Political Guy:  Temporary accounts are one you close out and the end of the accounting cycle. At the end of the accounting cycle you still have balance sheet accounts because assets, liabilities, and capital are not zero at the end of a period. Income statment accounts get closed out so its #2, (revenue, expense, and withdrawals).
2006-03-23 16:33:02
sachin:  the term TEMPORARY ACCOUNT needs to be defined as it might differ but it seems you are asking it in the context of an accounting period / accounting year in view of the above no 2 will be the correct choice
2006-03-24 07:19:01