A post-closing trial balance includes:
A)All ledger accounts with balances,none of which can be temporary accounts.
B)All ledger accounts with balances,none of which can be permanent accounts.
C)All ledger accounts with balances,which include some temporary and some permanent accounts.
D)Only revenue and expense accounts.
E)Only asset accounts.

Question

Quizplus · Accepted Answer

A post-closing trial balance includes all ledger accounts with balances, but only permanent accounts, as temporary accounts (like revenues and expenses) are closed at the end of the accounting period.

A Post-Closing Trial Balance Includes