Which of the following accounts will still show a balance after the closing process is completed?
A)Service revenue account
B)Drawings account
C)Expense accounts
D)Accumulated depreciation account

Question

Quizplus · Accepted Answer

Accumulated depreciation is a contra-asset account and is not closed at the end of the accounting period. It carries its balance forward to the next period.

Which of the Following Accounts Will Still Show a Balance