Multiple Choice
Which of the following accounts will not be closed to Income Summary at the end of the fiscal year?
A) Salaries Expense
B) Fees Earned
C) Unearned Rent
D) Depreciation Expense
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q12: The accounting cycle begins with preparing an
Q28: The chart of accounts, the journal, and
Q40: The closing process is sometimes referred to
Q100: A net loss appears on the work
Q101: The balances of the capital accounts from
Q102: The post-closing trial balance differs from the
Q103: A work sheet includes columns for<br>A) adjusting
Q106: Closing entries are dated in the journal
Q107: When accounts do appear on the unadjusted
Q109: Bob Evans owns a business, Beachside Realty,