Which Accounts Should Not Be Closed

question 116

Multiple Choice

Which accounts should not be closed?

• A) Expenses and revenues.
• B) Dividends.
• C) Income summary.
• D) Accumulated depreciation.

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Definitions:

Auxiliary Section

An additional section of a piece of machinery or equipment that provides supplemental functionality or capacity.

RoadRanger Transmission

A brand of manual transmissions found in heavy-duty trucks, known for their durability and range of gear options.

Floating

A term used to describe a state where a device or component is not firmly secured and can move or adjust position.

Countershafts

Secondary shafts in a transmission that carry gears to transmit motion from the main shaft to other parts of the machine, often used to adjust the gear ratio.