Which of the following account's balance is carried forward to the next accounting period?
A)Accumulated Depreciation
B)Depreciation Expense
C)Dividends
D)Sales Revenue

Question

Quizplus · Accepted Answer

Accumulated Depreciation is a contra asset account that represents the total depreciation expense that has been recognized over the life of the asset, and is carried over to the next accounting period until the asset is completely depreciated or disposed of. Depreciation Expense, Dividends, and Sales Revenue are all temporary accounts that are closed out to retained earnings at the end of each accounting period.

Which of the Following Account's Balance Is Carried Forward to the Next