Which of the following accounts will be included in a post-closing trial balance?
A)Owner's Name, Withdrawals
B)Salaries Expense
C)Owner's Name, Capital
D)Office Supplies Expense

Question

Quizplus · Accepted Answer

The post-closing trial balance includes accounts that have balances after the closing entries have been made. Owner's Name, Capital will have a balance if there were any profits for the period, and would therefore be included in the post-closing trial balance. Owner's Name, Withdrawals is a temporary account which is closed at the end of the period and would not appear in the post-closing trial balance. Salaries Expense and Office Supplies Expense are both temporary accounts that are closed at the end of the period and would not appear in the post-closing trial balance.

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