Which of the following accounts showing a balance on the post-closing trial balance indicate an error?
A)Office Equipment.
B)Accumulated Depreciation-Office Equipment.
C)Depreciation Expense-Office Equipment.
D)N.Young,Capital.
E)Salaries Payable.

Question

Quizplus · Accepted Answer

Depreciation Expense-Office Equipment should not be showing a balance on the post-closing trial balance as it is a temporary account that should be closed out at the end of the accounting period. The other accounts listed are permanent accounts or accounts that are intentionally left open for the next period, and therefore it is not an error for them to have a balance on the post-closing trial balance.

Which of the Following Accounts Showing a Balance on the Post-Closing