Question

Temporary accounts would not include:

a. salaries payable.
b. depreciation expense.
c. supplies expense.
d. cost of goods sold.

Answer 1

Temporary accounts are used to record revenue and expenses for a specific period of time. In this case, the correct answer is a. salaries payable.

Step-by-step explanation:

Temporary accounts are accounts that are used to collect and summarize transactions for a specific accounting period. They are closed at the end of the accounting period to transfer their balances to permanent accounts.

Salaries payable is a liability account that represents the amount owed to employees for their work, and it is a permanent account. Temporary accounts, on the other hand, include income statement accounts like depreciation expense, supplies expense, and cost of goods sold, as they are used to record the company's revenue and expenses for a specific period of time.