Which One of the Following Accounts Is Not Closed at the End

question 1

Multiple Choice

Which one of the following accounts is not closed at the end of an accounting period?

• A) Retained Earnings account
• B) Dividends account
• C) Service Revenue account
• D) Insurance Expense account

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Definitions:

Lactic Acid

A compound generated within muscles during rigorous physical activity, frequently linked to feelings of muscle tiredness and discomfort.

Glucose

A simple sugar that serves as a primary source of energy for the body's cells.

Muscular Endurance

The ability of a muscle, or group of muscles, to perform repetitive contractions over a period of time without becoming fatigued.

Aerobic Activities

Physical exercises that increase the heart rate and promote increased oxygen consumption over a sustained period.