Question

All of the following are accounts that will be closed at year end EXCEPT

a. Supplies
b. Revenues
c. Expenditures
d. Appropriations Control

Answer 1

Appropriations Control is the account that will not be closed at year end.

Step-by-step explanation:

The correct answer is d. Appropriations Control. At year-end, accounts that will be closed include supplies, revenues, and expenditures. However, Appropriations Control is not an account that will be closed since it is used to keep track of the budgeted amount and the actual amount spent from appropriations.