a-company-has-completed-its-closing-entries-for-the-year-which-of-the-following-

Question

A company has completed its closing entries for the year. Which of the following statements is true regarding its revenue, expense, and dividend accounts?

Accepted Answer

These accounts will have a zero balance.

Answer

These accounts will show the total dividends paid during the year.

Answer

These accounts will reflect the net income for the year.

Answer

These accounts will be carried forward to the next accounting period.