Which of the following accounts would not be closed at the end of an accounting cycle?
A) Common Stock
B) Revenue
C) Dividends
D) Salaries Expense

Question

Quizplus · Accepted Answer

Common Stock represents the owners' investment in the company and is not affected by the accounting cycle, so it would not be closed at the end of the cycle.

All other options are temporary accounts that reflect a company's revenue, expenses, and withdrawals during the accounting cycle, and they need to be closed to a zero balance at the end of the cycle. Therefore, these accounts will be closed at the end of the accounting cycle.

Which of the Following Accounts Would Not Be Closed at the End