Which of the following accounts is not closed at the end of the accounting period?
A)Sales
B)Depreciation Expense
C)Accounts Receivable
D)Purchases

Question

Quizplus · Accepted Answer

Accounts Receivable is an ongoing account that is not closed at the end of the accounting period. The other accounts listed (Sales, Depreciation Expense, and Purchases) are temporary accounts that are closed at the end of the period in order to transfer their balances to permanent accounts or to clear them for the next period.

Which of the Following Accounts Is Not Closed at the End