Which of the following accounts is not closed at the end of the accounting period?
A)Interest Expense
B)Accumulated Depreciation
C)Depreciation Expense
D)Sales

Question

Quizplus · Accepted Answer

Accumulated Depreciation is a balance sheet account and is not closed at the end of the accounting period. It accumulates the total depreciation of an asset over its useful life, contrasting with income statement accounts like Interest Expense, Depreciation Expense, and Sales, which are closed to determine the net income for the period.

Which of the Following Accounts Is Not Closed at the End