Which of the following account balances would not be affected by closing entries?
A)Interest expense.
B)Accumulated depreciation.
C)Treasury stock.
D)Retained earnings.

Question

Quizplus · Accepted Answer

Accumulated depreciation is a contra-asset account that is not affected by closing entries. Closing entries only affect revenue, expense, and dividend accounts, as well as retained earnings.

Which of the Following Account Balances Would Not Be Affected