Which One of the Following Accounts Would NOT Have a Balance

question 13

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.

---

Definitions:

Fully Depreciated

A term used when a fixed asset has been depreciated to its salvage value and no longer carries a cost on the balance sheet except its possible residual value.

Loss on Disposal

Represents the financial loss a company incurs when it disposes of an asset for less than its carrying value.

Accumulated Depreciation

The total depreciation of a fixed asset accumulated up to a specified time, reflecting wear and tear or obsolescence.

Van

A type of vehicle designed for transporting goods or people, characterized by its large cargo or passenger area and commonly used for commercial, logistical, or personal use.