menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Accounting Study Set 1
  4. Exam
    Exam 4: Completing the Accounting Cycle
  5. Question
    Which of the Following Accounts Is Not Closed During the Closing
Solved

Which of the Following Accounts Is Not Closed During the Closing

Question 146

Question 146

Multiple Choice

Which of the following accounts is not closed during the closing process?


A) Owner's Capital
B) Commissions Earned
C) Income Summary.
D) Withdrawals

Correct Answer:

verifed

Verified

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

Related Questions

Q141: When the Income Statement columns of the

Q142: The Income Summary account is credited in

Q143: IFRS are important to multinational companies because<br>A)if

Q144: There is sufficient information on a post-closing

Q145: Reversing entries are all dated as of

Q147: The balances of all the real (permanent)accounts

Q148: Closing entries will<br>A)decrease the owner's Capital balance.<br>B)either

Q149: The preparation of adjusting entries<br>A)is easy because

Q150: When a company has a net loss,the

Q151: Reversing entries can be made for accruals,but

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