which of the following accounts is not closed at the end of the accounting period a....

which of the following accounts is not closed at the end of the accounting period

a. depreciation expense

b. deferred service revenue

c. sales

d. cost of good sold

Expert Solution

Permanent or Balance sheet accounts are not closed at the end of the accounting period.

Deferred service revenue is a Balance Sheet (Liability account).

Deferred service revenue is not closed at the end of the accounting period

Depreciation expense,sales,cost of good sold are temporary (income statement) accounts and closed at the end of the accounting period.

Option B deferred service revenue is correct

ekkarill92 answered 2 years ago

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