A post-closing trial balance should be prepared
A) before closing entries are posted to the ledger accounts.
B) after closing entries are posted to the ledger accounts.
C) before adjusting entries are posted to the ledger accounts.
D) only if an error in the accounts is detected.

Question

Quizplus · Accepted Answer

A post-closing trial balance is prepared after the closing entries have been posted to the ledger accounts. It is used to ensure that all temporary accounts have been closed and that the balance sheet accounts reflect the correct ending balances.

A Post-Closing Trial Balance Should Be Prepared