Assets are detailed on the balance paper in the bespeak of theirA. Purchase dateB. AdjustmentsC. LiquidityD. Balance


You are watching: Which of the following accounts is not closed?

Which that the complying with accounts would be had in the property, plant, and equipment category of the classified balance sheet?A. Land held for invest B. Collected DepreciationC. Office SuppliesD. Mortgage Payable
Which case indicates a network loss in ~ the income Statement section of the worksheet?A. Complete credits exceed full debitsB. Total debits exceed full creditsC. Complete debits equal full creditsD. Nobody of the above
Which that the adhering to accounts is not closed?A. Depreciation ExpenseB. DividendsC. Service RevenueD. Accumulated Depreciation
What execute closing entries accomplish?A. Zero the end the revenues, expenses, and dividendsB. Move revenues, expenses, and also dividends to the Retained earnings accountC. Bring the Retained earnings account come its correct ending balanceD. All of the above
Which the the adhering to is not a closing entry?A. Retained revenue xxx dividends xxxB. Business Revenue xxx Income summary xxxC. Salaries Payable xxx Income review xxxD. Income review xxx rental xxx
Which that the adhering to accounts may show up on a post-closing trial balance?A. Cash, salaries Payable, and Retained EarningsB. Cash, wages Payable, and Service RevenueC. Cash, business Revenue, and also Salaries ExpenseD. Cash, wages Payable, and also Salaries Expense
Which that the complying with steps of the audit cycle is no completed in ~ the finish of the period?A. Journalize transactions as they occurB. Journalize and also post the close up door entriesC. Prepare the post-closing trial balanceD. Prepare the financial statements
clean water softener systems has actually cash of $600, accounts receivable that $900, and office offers of $400. Clean fan $500 on accounts payable and salaries payable the $200. Cleans present ratio isA. 2.71B. 2.50C. 0.63D. 0.37
Which that the adhering to statements worrying reversing entries is true?A. Reversing entries are forced by typically Accepted audit PrinciplesB. Reversing entries are most often used v accrual-type adjustmentsC. Reversing entries space dated December 31, the finish of the budget yearD. Reversing entries are recorded prior to adjusting entries
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