What is the purpose of the post-closing trial balance?
A) to prove no errors were made while recording entries in the journal
B) to prove the equality of the debit and credit balances in the general ledger accounts
C) to prove the closing entries were recorded correctly in the journal
D) to prove the balances in the general ledger accounts are correct

Question

Quizplus · Accepted Answer

The purpose of the post-closing trial balance is to prove the equality of the debit and credit balances in the general ledger accounts after the closing entries have been made. This ensures that all temporary accounts have been closed and the balances are moved to the appropriate permanent accounts.

What Is the Purpose of the Post-Closing Trial Balance