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

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

Quizplus · Accepted Answer

Dividends is a temporary account that is closed at the end of the accounting period, and double ruling indicates that the account has been closed.

Which Account Listed Below Would Be Double Ruled in the Ledger