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-Equipment

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-Equipment
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Question

Quizplus · Accepted Answer

Dividends is a temporary account that is closed to Retained Earnings at the end of the accounting period, and thus would be double ruled in the ledger.

Which Account Listed Below Would Be Double Ruled in the Ledger