Of the following accounts,which one would not appear in the post-closing trial balance?
A)Supplies inventory.
B)Dividends declared.
C)Share capital.
D)Retained earnings.

Question

Quizplus · Accepted Answer

Dividends declared is a temporary account that is closed at the end of the accounting period and transferred to retained earnings. Therefore, it will not appear in the post-closing trial balance, which only includes permanent balance sheet accounts. Supplies inventory, share capital, and retained earnings are all permanent accounts and will appear in the post-closing trial balance.

Of the Following Accounts,which One Would Not Appear in the Post-Closing