Which of the Following Accounts Will Not Be Closed to Income

question 104

Multiple Choice

Which of the following accounts will not be closed to Income Summary at the end of the fiscal year?

• A) Salaries Expense
• B) Fees Earned
• C) Unearned Rent
• D) Depreciation Expense

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Definitions:

To-Do List Window

This is an interface feature within project management or personal productivity software that displays pending tasks or reminders to be completed.

Notes Pane

A section in presentation software that allows the user to enter speaker notes or comments for a specific slide.

Record Information

The act of storing data or details about specific events, transactions, or activities for future reference.

Assigned Task

A specific duty or responsibility given to a person or group, often outlined with expected outcomes and completion timelines.