Which of the following accounts will not appear on the post-closing trial balance?
A)Capital
B)Cash
C)Accounts Payable
D)Withdrawals

Question

Quizplus · Accepted Answer

Withdrawals are closed out to the Capital account at the end of the accounting period, therefore, it will not appear on the post-closing trial balance. Capital, Cash, and Accounts Payable, on the other hand, will still appear as they are permanent accounts.

Which of the Following Accounts Will Not Appear on the Post-Closing