Which One of the Following Accounts Would Not Be Closed

question 86

Multiple Choice

Which one of the following accounts would not be closed at the end of the accounting year?

• A) Rent expense.
• B) Dividends payable.
• C) Sales revenue.
• D) Salaries expense.

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Definitions:

Scientific Research

The systematic investigation and study of materials and sources to establish facts and reach new conclusions.

Solution Evaluation

The process of assessing the options available to solve a problem, involving comparison based on criteria such as effectiveness, feasibility, and cost.

Information Search

The process of seeking, acquiring, and evaluating data and information to make a decision or solve a problem.

Groupthink

A mental phenomenon in which the pursuit of agreement and uniformity within a group results in illogical or maladaptive decisions.