Which of the following accounts is not closed?
A) Cash
B) Fees Income
C) Rent Expense
D) Joan Wilson,Drawing

Question

Quizplus · Accepted Answer

Cash is an asset account and is not closed at the end of the accounting period. The other accounts listed are either revenue or expense accounts and are closed to a temporary account called Income Summary at the end of the period. Joan Wilson, Drawing is a withdrawal account for the owner and is also closed at the end of the period.

Which of the Following Accounts Is Not Closed