The momentary Accounts space closed at every year end. Short-term accounts are the accounts entailing item of income statement i.e. Revenue, expenses, income, gain, ns etc.
You are watching: Which of the following accounts is not closed?
All account of balance sheet are permanent accounts and not closed at yearly end.
So in the given case, business revenue, Depreciation expense, Dividends space temporary Accounts and these are closed at year end.
Option a) and d)
Depriciation price is fee for gradually reducing the transporting Amount of Asset. Journal entry for...
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