Which of the following accounts will NOT appear on the post-closing trial balance?
A) Accounts Receivable
B) Cash
C) Accounts Payable
D) Revenue

Question

Quizplus · Accepted Answer

Revenue accounts are closed to the Income Summary account at the end of the accounting period, so they do not appear on the post-closing trial balance. The post-closing trial balance includes only balance sheet accounts, which are assets, liabilities, and equity accounts that carry their balances into the next accounting period.

Which of the Following Accounts Will NOT Appear on the Post-Closing