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

Question

Quizplus · Accepted Answer

Withdrawals are temporary accounts that are closed at the end of the accounting period, so they won't appear on the post-closing trial balance which only contains permanent accounts that have balances carried forward to the next period. Accounts Receivable, Cash, and Accounts Payable are permanent accounts and will appear on the post-closing trial balance.

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