Which One of the Following Accounts Would NOT Have a Balance

question 138

Multiple Choice

Which one of the following accounts would NOT have a balance after closing entries?

• A)Unearned Revenue
• B)Supplies
• C)Prepaid Rent
• D)Dividends

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Definitions:

Asset Data

Information about the resources owned by a business, which have economic value and can contribute to generating income.

Office Expenses

Costs associated with running an office, such as rent, utilities, and administrative salaries.

Allocation Bases

Allocation bases are criteria or metrics used to distribute costs among different departments, products, or processes in accounting.

Grinding Department

A manufacturing unit or section of a factory where grinding processes are carried out to finish products or components.