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

Name: Which of the following accounts does NOT close at the end of the period? A)Depreciation expense B)Drawings C)Accumulated depreciation D)Sales revenues
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

Accumulated depreciation is a contra asset account and is a permanent account that does not close at the end of the period.

Which of the Following Accounts Does NOT Close at the End