After closing entries are made which of the following grouping of accounts will all have balances?
A)Assets,Revenue,Liability
B)Liabilities,Assets,Expenses
C)Owners' Equity,Assets,Liabilities
D)Assets,Liabilities,Expenses

Question

Quizplus · Accepted Answer

After closing entries are made, revenue and expense accounts are closed to the owner's equity account. Therefore, the accounts that will still have balances are assets, liabilities, and owners' equity.

After Closing Entries Are Made Which of the Following Grouping