Which of the following accounts should be closed at the end of the fiscal year?
A) Merchandise Inventory
B) Accumulated Depreciation
C) Drawing
D) Cost of Merchandise Sold

Question

Quizplus · Accepted Answer

The Answer of Which of the following accounts should be closed at the end of the fiscal year?
A) Merchandise Inventory
B) Accumulated Depreciation
C) Drawing
D) Cost of Merchandise Sold

Which of the Following Accounts Should Be Closed at the End