Which of the Following Accounts Does NOT Close at the End

question 4

Multiple Choice

Which of the following accounts does NOT close at the end of the period?

• A)Sales revenues
• B)Accumulated depreciation
• C)Drawings
• D)Depreciation expense

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Definitions:

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A promise clearly stated by a seller about the condition, functionality, or reliability of a product.

Merchantability

A guarantee that a product will meet reasonable consumer expectations of quality and suitability for use as sold.

Express Warranty

A formal declaration by a seller or manufacturer promising the quality and reliability of a product, explicitly stated in a contract or agreement.

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