An error is indicated if the following account has a balance appearing on the post-closing trial balance
A) Office Equipment
B) Accumulated Depreciation, Office Equipment
C) Depreciation expense, Office Equipment
D) Ted Nash, Capital
E) Salaries Payable

Question

Quizplus · Accepted Answer

Depreciation expense, Office Equipment, should not appear on the post-closing trial balance because it is a temporary account that should have been closed to the income summary account at the end of the accounting period.

An Error Is Indicated If the Following Account Has a Balance