What is the last account that should be listed in the post-closing trial balance?
A) Income Summary
B) Retained Earnings
C) Cash
D) Fees Earned

Question

Quizplus · Accepted Answer

Retained Earnings is the last account that should be listed in the post-closing trial balance because it represents the cumulative net income of the business since its inception, less any dividends that have been paid out.

What Is the Last Account That Should Be Listed in the Post-Closing