Which of the following accounts will not normally have a zero balance after the closing entries have been posted?
A)Fees Income
B)Rent Expense
C)Capital
D)Income Summary

Question

Quizplus · Accepted Answer

Capital accounts typically do not have a zero balance after closing entries because they reflect the owner's equity in the business, which usually carries over from one accounting period to the next.

Which of the Following Accounts Will Not Normally Have a Zero