Question

permanent accounts typically fall under which of the following category’s of accounts? (select all that apply) assets revenues liabilities expenses

Explanation:

Permanent accounts are those that are not closed at the end of an accounting period and carry over their balances. Assets and Liabilities are permanent accounts as they represent the company's resources and obligations that exist beyond a single accounting period. Revenues and Expenses are temporary accounts (closed to Income Summary) and do not carry over balances.

Answer:

A. Assets, C. Liabilities