The ______ lists only the permanent accounts of an organization.
A)post-closing trial balance
B)trial balance
C)adjusted trial balance
D)income statement

Question

Quizplus · Accepted Answer

The post-closing trial balance lists only the permanent accounts, which are the accounts that are not closed at the end of the accounting period and carry forward to the next period. The other options listed include temporary accounts, which are closed at the end of the accounting period.

The ______ Lists Only the Permanent Accounts of an Organization