QB Issue Resolution:

No. The transactions for those “hidden” accounts will continue to show in all reports for which there where tranactions for those accounts. The detail of the tranactions will also be viewable.

Resolution for Issue 'Do transactions show for inactive accounts?' available: Yes (Solved).
Source: Intuit Community forum.

Do transactions show for inactive accounts?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for Hidden Accounts
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Error Recovery for Hidden Accounts [Canada]
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