After the Closing Entries Are Journalized and Posted,which of the Following

question 96

Multiple Choice

After the closing entries are journalized and posted,which of the following accounts would NOT have a balance?

• A) Cash
• B) Office Supplies
• C) Accounts Payable
• D) Service Revenue

---

Definitions:

Financial Crisis

A situation in which the value of financial institutions or assets drops rapidly, leading to a loss of confidence and potentially economic collapse.

Hybrid Cloud

A computing environment that combines a private cloud with one or more public cloud services, with proprietary software enabling communication between each distinct service.

Market Pressure

Forces exerted by external stakeholders, such as competitors, customers, and economic conditions, that influence a company's strategy and operations.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.