Solved

Which of the Following Accounts Has a Non-Zero Balance After

Question 32

Multiple Choice

Which of the following accounts has a non-zero balance after the closing process is completed?


A) The Depreciation expense account has a zero balance.
B) The Expense accounts have non-zero balances.
C) The Accumulated depreciation account has a non-zero balance.
D) The Service revenue account has a non-zero balance.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions