Which account listed below would be double ruled in the ledger as part of the closing process?
A) Cash
B) Owner's Capital
C) Owner's Drawing
D) Accumulated Depreciation

Question

Quizplus · Accepted Answer

Owner's Drawing is a temporary account that is closed to the Owner's Capital account at the end of the accounting period, and it is double ruled to indicate it has been closed.

Which Account Listed Below Would Be Double Ruled in the Ledger