Which account listed below would be double ruled (double underline) in the ledger as part of the closing process?
A) Cash
B) Retained Earnings
C) Dividends
D) Accumulated Depreciation-Equipment

Question

Quizplus · Accepted Answer

Dividends are closed out at the end of the period and the account is reduced to zero, making it necessary to double rule (double underline) the account in the ledger.

Which Account Listed Below Would Be Double Ruled (Double Underline)