Permanent and Temporary Accounts

This assignment will provide you with practice in identifying permanent accounts and temporary accounts. Recall that temporary accounts are closed to Retained Earnings at the end of each accounting period, while permanent accounts do not get closed at the end of the period.

Relevant Excel Functions

This assignment will require you to be able to use some or all of the following Excel functions. Click on the hyperlinked section number next to the relevant Excel skill to be directed to a page showing how to perform the assigned task in Excel:

• Drop-Down Lists (1.10)