Which of the following are NOT included in a post-closing trial balance?
A)Assets and liabilities
B)Capital and assets
C)Capital and liabilities
D)Revenues and expenses

Question

Quizplus · Accepted Answer

A post-closing trial balance only includes permanent accounts (assets, liabilities, and equity) and does not include temporary accounts (revenues and expenses) which are already closed out to the retained earnings account.

Which of the Following Are NOT Included in a Post-Closing