Which of the following accounts will appear on the post-closing trial balance?
A) Capital
B) Purchases
C) Supplies Expense
D) Withdrawals

Question

Quizplus · Accepted Answer

The post-closing trial balance includes all balance sheet accounts with balances after the closing entries are made. Capital is a balance sheet account (owner's equity) and retains its balance after closing entries. Purchases, Supplies Expense, and Withdrawals are temporary accounts that are closed to the Capital or Retained Earnings account at the end of the accounting period and therefore do not appear on the post-closing trial balance.

Which of the Following Accounts Will Appear on the Post-Closing