Which of the Following Accounts Is Not Closed

question 40

Multiple Choice

Which of the following accounts is not closed?

• A) Purchases
• B) Rent Expense
• C) Sales
• D) Merchandise Inventory

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Definitions:

Fair Debt Collection Practices Act

A U.S. federal law that aims to eliminate abusive practices in the collection of consumer debts.

Debt Collector

An individual or agency that specializes in collecting debts owed by individuals or businesses.

Verification

The process of confirming the accuracy, truth, or validity of something.

Fair Credit Reporting Act

A federal law in the United States designed to ensure the accuracy, fairness, and privacy of consumer information contained in the files of credit reporting agencies.