Which of the following accounts will appear on the post-closing trial balance?
A)Sales
B)Payroll Taxes Expense
C)Miscellaneous Income
D)Medicare Tax Payable

Question

Quizplus · Accepted Answer

The post-closing trial balance includes only permanent accounts, which are balance sheet accounts. "Medicare Tax Payable" is a liability account and will appear on the post-closing trial balance. The other options are temporary accounts that are closed at the end of the accounting period.

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