menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting for MBAs
  4. Exam
    Exam 3: Transactions, Adjustments, and Financial Statements
  5. Question
    Which of the Following Accounts Would Not Appear in a Closing
Solved

Which of the Following Accounts Would Not Appear in a Closing

Question 40

Question 40

Multiple Choice

Which of the following accounts would not appear in a closing entry?


A) Net income
B) Depreciation expense
C) Cost of goods sold
D) Inventory
E) Both A and D

Correct Answer:

verifed

Verified

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

Related Questions

Q35: The balance sheet of Taos Promotion includes

Q36: Select accounts of Pete's Pizza are

Q37: Organic Floral is an organic flower shop.

Q38: Green Garden Company made $192,000 in net

Q39: How would a purchase $400 of inventory

Q41: On January 1, Fey Properties paid $12,600

Q42: Graham Holdings Company (formerly The Washington Post

Q43: The 2016 income statement of The Coca-Cola

Q44: Craft Corner began operations in March with

Q45: A company records an adjusting journal entry

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines