Which of the following accounts will have an ending balance after the closing process is completed?
A) Dividends
B) Rent Expense
C) Accumulated Depreciation
D) Service Revenue

Name: Which of the following accounts will have an ending balance after the closing process is completed? A) Dividends B) Rent Expense C) Accumulated Depreciation D) Service Revenue
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Question

Quizplus · Accepted Answer

Accumulated Depreciation is a permanent account and will have an ending balance after the closing process is completed.

Which of the Following Accounts Will Have an Ending Balance