Which account balance will change between the adjusted trial balance and the post-closing trial balance?
A) Retained Earnings
B) Share Capital-Ordinary
C) Interest Payable
D) Accumulated Depreciation

Question

Quizplus · Accepted Answer

Retained Earnings will change between the adjusted trial balance and the post-closing trial balance because it reflects the net income or loss and the dividends paid during the accounting period, which are closed out to the Retained Earnings account at the end of the period. The other accounts listed - Share Capital-Ordinary, Interest Payable, and Accumulated Depreciation - would not be impacted by the closing process and would carry their balances forward from the adjusted trial balance to the post-closing trial balance.

Which Account Balance Will Change Between the Adjusted Trial Balance