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Which of the following accounts is not closed at the end of the year? Accounts Payable Depreciation Expense Income Summary

Which of the following accounts is not closed at the end of the year? Accounts Payable Depreciation Expense Income Summary
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Which of the following accounts is not closed at the end of the year?

Accounts Payable
Depreciation Expense
Income Summary

User Abdelaziz Mokhnache
by
7.9k points

1 Answer

7 votes
Answer and Explanation: The answer is: d. Accumulated Depreciation. Accumulated depreciation is a contra asset account.
User WTIFS
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