Which of the following accounts showing a balance on the post-closing trial balance indicate an error?
A) Accounts Payable.
B) Prepaid Insurance.
C) Unearned Revenue.
D) Land.
E) S. Stills, Withdrawal.

Question

Quizplus · Accepted Answer

S. Stills, Withdrawal should not have a balance on the post-closing trial balance as it is a temporary account that should have been closed out to the owner's equity account.

Which of the Following Accounts Showing a Balance on the Post-Closing