Which One of the Following Accounts Would Not Be Closed

question 101

Multiple Choice

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

• A)Utilities expense.
• B)Sales revenue.
• C)Prepaid rent expense.
• D)Wages expense.

Reflect on the importance of core values in shaping the behavior of organization members.

Understand how strong cultures impact organizational values and performance objectives.

Acknowledge the role of diversity and value-based management in shaping organizational culture.

Understand the concept and importance of diversity in the workplace.

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Definitions:

Physical Commodities

Raw materials or primary agricultural products that can be bought, sold, or traded, often through futures contracts.

Barter

The direct exchange of goods and services between parties without the use of money.

Electronic Entries

Transactions or records created and stored in digital form, often used in banking and bookkeeping.

Absence

The state of something being not present or lacking.