The post-closing trial balance
A) Consists of statement of financial position accounts only.
B) Will balance if a transaction is not journalized and posted, or if a transaction is journalized and posted twice.
C) Shows that the accounting equation is in balance at the end of the accounting period.
D) All of these choices are correct.

Question

Quizplus · Accepted Answer

The post-closing trial balance consists of statement of financial position accounts only, will balance if a transaction is not journalized and posted or if a transaction is journalized and posted twice, and shows that the accounting equation is in balance at the end of the accounting period. Therefore, all choices are correct.

The Post-Closing Trial Balance