Which of the following accounts showing a balance on the post-closing trial balance indicate an error?
A)Office Equipment.
B)Accumulated Depreciation-Office Equipment.
C)Depreciation Expense-Office Equipment.
D)Retained earnings.
E)Salaries Payable.

Question

Quizplus · Accepted Answer

Depreciation Expense-Office Equipment should not show a balance on the post-closing trial balance because it is a nominal (expense) account, and all nominal accounts should be closed to zero at the end of the accounting period.

Which of the Following Accounts Showing a Balance on the Post-Closing