The post-closing trial balance will not include any revenue or expense accounts.

Name: The post-closing trial balance will not include any revenue or expense accounts.
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Question

Quizplus · Accepted Answer

The post-closing trial balance includes only balance sheet accounts, which are the assets, liabilities, and equity accounts. Revenue and expense accounts, which are income statement accounts, are closed to the retained earnings account at the end of the accounting period and therefore do not appear in the post-closing trial balance.

The Post-Closing Trial Balance Will Not Include Any Revenue or Expense