Which of the Following Accounts Is Not Closed

question 52

Multiple Choice

Which of the following accounts is not closed?

• A) Accumulated Depreciation
• B) Depreciation Expense
• C) Interest Expense
• D) Sales

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Definitions:

Fixed Costs

Costs that do not vary with the level of output or production, such as rent or salaries.

ATC

Average total cost is found by dividing the overall production cost by the number of units produced.

Marginal Revenue

The additional income generated from the sale of one more unit of a product or service.

AVC

Stands for Average Variable Cost, which is the total variable costs (costs that vary with production levels) divided by the quantity of output produced.