Which of the following accounts would NOT appear on a post-closing trial balance?
A)Common Stock
B)Dividends
C)Sales tax Payable
D)Accounts Receivable

Question

Quizplus · Accepted Answer

Dividends are distributed to shareholders after the closing of the accounting period, so they would not appear on the post-closing trial balance. However, the other three accounts (Common Stock, Sales Tax Payable, and Accounts Receivable) could potentially have balances that carry over to the next accounting period and would therefore appear on the post-closing trial balance.

Which of the Following Accounts Would NOT Appear on a Post-Closing