Which of the Following Accounts Is Not Found in Closing

question 220

Multiple Choice

Which of the following accounts is not found in closing entries?

• A) Dividends
• B) Income Summary
• C) Retained Earnings
• D) Accumulated Depreciation-Equipment

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Definitions:

Elementary Description

A basic and fundamental explanation or representation of a subject.

Transactions

Operations or exchanges between parties, often involving the transfer of goods, services, money, or information.

Knowledge

Information, understanding, and skills gained through education or experience; the theoretical or practical understanding of a subject.

Accumulated Learning

The process of systematically gathering knowledge and skills through experience or education over time, enhancing an individual's or organization's capabilities.