Final answer:
Temporary accounts include revenues, expenses, and dividends, which are reset at the end of an accounting period. Permanent accounts are assets, liabilities, and equity that carry their balances over into the next period and are listed on the balance sheet.
Step-by-step explanation:
When analyzing accounts in accounting, there is a distinction between temporary and permanent accounts. Temporary accounts are those that are closed at the end of an accounting period. These include revenues (rev), expenses (exp), and dividends (div). At the end of the period, their balances are transferred to the Retained Earnings account, thus resetting to zero.
Permanent accounts, also known as real accounts, carry their balances over into the subsequent accounting period. These include assets, such as reserves, bonds, and loans; liabilities, such as deposits; and equity, represented by the net worth of the bank. The permanent accounts are listed on the balance sheet, which is an accounting tool that provides a snapshot of the firm's financial position at a given point in time, showing what it owns and owes.