A list of the accounts and their balances at the end of the period after journalizing and posting the closing entries which includes only permanent accounts is called:
A)chart of accounts.
B)adjusted trial balance.
C)post-closing trial balance.
D)pre-closing balance sheet.

Question

Quizplus · Accepted Answer

A post-closing trial balance includes the balances of only permanent accounts after the closing entries have been made. A chart of accounts is a listing of all accounts used by a company, an adjusted trial balance includes all accounts after adjusting entries have been made, and a pre-closing balance sheet is a balance sheet prepared before closing entries have been made.

A List of the Accounts and Their Balances at the End