The post-closing trial balance lists the accounts from the general ledger in:
A)numerical order.
B)alphabetical order.
C)category order,beginning with assets and ending with owners' equity.
D)category order,beginning with assets and ending with expenses.

Question

Quizplus · Accepted Answer

The post-closing trial balance is a listing of all the accounts in the general ledger that have balances after all the closing entries have been made. The accounts are typically listed in category order, with the asset accounts listed first, followed by the liability accounts, and then the equity accounts (including owners' equity). Finally, the expense accounts are listed. This order is used because it reflects the typical flow of accounting transactions, from the acquisition of assets, to the payment of liabilities and expenses, to the generation of revenues and the eventual distribution of earnings to owners.

The Post-Closing Trial Balance Lists the Accounts from the General