Which of the following accounts showing a balance on the post-closing trial balance indicate an error?
A)Land.
B)S.Stills,Withdrawal.
C)Accounts Payable.
D)Unearned Revenue.
E)Prepaid Insurance.

Question

Quizplus · Accepted Answer

S. Stills, Withdrawal should not have a balance on the post-closing trial balance as it is a temporary account that should have been closed out during the closing process. The other accounts listed are permanent accounts that would typically have a balance on the post-closing trial balance.

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