After the closing entries have been posted,which of the following accounts would still have a balance?
A) Miscellaneous Revenues
B) Accumulated Depreciation Equipment
C) Salaries Expense
D) Supplies Expense

Question

Quizplus · Accepted Answer

Accumulated Depreciation Equipment would still have a balance after the closing entries have been posted as it is a contra asset account that is not closed at the end of an accounting period. The other accounts listed are all temporary accounts that are closed at the end of an accounting period.

After the Closing Entries Have Been Posted,which of the Following