Permanent accounts would not include: a. Accumulated depreciation b. Cost of goods sold. c. Current liabilities d. Inventory

The correct answer is letter "B": Cost of goods sold.

Explanation:

Permanent accounts are those that do not close at the end of a period because their values are measured cumulatively. They include asset, liability, and capital accounts. Permanent accounts are reported in the Balance Sheet. They are the opposite of temporary accounts which are closed period by period.

Asset accounts such as accumulated depreciation and inventories or Liability accounts like current liabilities are considered permanent accounts. Cost of goods sold is considered a temporary account.