Examlex
Which of the following accounts is not closed during the closing process?
Depreciation Of Equipment
Depreciation of equipment refers to the accounting process of allocating the cost of tangible assets over their useful lives, reflecting the reduction in value over time.
Rent Expense
The cost incurred by a business or individual for the use of a property or equipment.
Operating Cash Flow
The total amount of money generated by a company's normal business operations.
Net Income
The amount of money a company has left as profit after paying off all expenses and taxes from its gross income.
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