An error is indicated if the following account has a balance appearing on the post-closing trial balance:
A)Office Equipment
B)Accumulated Depreciation-Office Equipment
C)Depreciation Expense-Office Equipment
D)Common Stock
E)Salaries Payable

Question

Quizplus · Accepted Answer

Depreciation Expense-Office Equipment should not appear on the post-closing trial balance as it is a temporary account that is closed at the end of the accounting period. The post-closing trial balance only includes permanent accounts, such as Office Equipment (A), Accumulated Depreciation-Office Equipment (B), Common Stock (D), and Salaries Payable (E).

An Error Is Indicated If the Following Account Has a Balance