Which of the following accounts will be included in a post-closing trial balance?
A)Interest payable
B)Service revenue
C)Utilities expense
D)Interest expense

Question

Quizplus · Accepted Answer

A post-closing trial balance includes only permanent accounts, which are balance sheet accounts. Interest payable is a liability account and is included, while revenue and expense accounts are temporary and closed at the end of the period.

Which of the Following Accounts Will Be Included in a Post-Closing