A post-closing trial balance reports:
A) Only asset accounts.
B) All temporary and permanent ledger accounts with balances.
C) Only revenue and expense accounts.
D) All permanent ledger accounts with balances.
E) All nominal ledger accounts with balances.

Question

Quizplus · Accepted Answer

A post-closing trial balance reports all permanent ledger accounts with balances, meaning all accounts that are not temporary or nominal accounts. This includes assets, liabilities, and equity accounts that are left open after the closing entries have been made.

A Post-Closing Trial Balance Reports