Which of the following accounts would not appear in a closing entry?
A) Interest expense
B) Accumulated depreciation
C) Cost of goods sold
D) Dividends
E) Both B and D

Question

Quizplus · Accepted Answer

Accumulated depreciation is a permanent account and does not get closed at the end of the accounting period, unlike temporary accounts such as expenses, revenues, and dividends.

Which of the Following Accounts Would Not Appear in a Closing