Which of the following accounts does NOT close at the end of the period?
A) Accumulated depreciation
B) Depreciation expense
C) Withdrawals
D) Sales revenues

Question

Quizplus · Accepted Answer

Accumulated depreciation is a permanent account that keeps track of the total amount of depreciation over the lifetime of an asset. It does not close at the end of the period. Depreciation expense, withdrawals, and sales revenues are all temporary accounts that close at the end of the accounting period.

Which of the Following Accounts Does NOT Close at the End