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Which is not part of the accounting cycle

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Reference no: EM132739353

Problem 1: Which of the following accounts is not closed?

a. Accumulated depreciation

b. Service revenues

c. Depreciation expense

d. Withdrawal

Problem 2: Which of the following is not part of the accounting cycle?

a. Analyzing and recording the business transactions of the enterprise.

b. Classifying and summarizing the effects of the transactions on the accounting elements.

c. Preparing a worksheet, adjusting entries, and closing entries

d. Distributing the profit computed in the form of cash to the owners

Reference no: EM132739353

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