Which of the Following Accounts Will Have a Zero Balance

question 142

Multiple Choice

Which of the following accounts will have a zero balance on a post-closing trial balance?

• A)Accumulated Depreciation.
• B)Dividends.
• C)Deferred Revenue.
• D)Cash.

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Definitions:

Ordinary Income

Income earned from conducting standard business operations, as opposed to capital gains or investment income.

Straight Line

In finance, often refers to a method of depreciation where an asset's value decreases evenly over its useful life.

Depreciated

The reduction in an asset's worth over a period, frequently as a result of usage or becoming outdated.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a particular point in time, providing insight into its financial health.