After closing entries are made which accounts not have balances?
A)Assets Liabilities and Owners' Equity
B)Revenues Expenses and Liabilities
C)Assets Revenues and Owners' Equity
D)Revenues,Expenses,Gains and Losses

Question

Quizplus · Accepted Answer

After closing entries are made, all temporary accounts (Revenues, Expenses, Gains, and Losses) have zero balances. Assets, Liabilities, and Owners' Equity are permanent accounts and will have balances after closing entries are made.

After Closing Entries Are Made Which Accounts Not Have Balances