The post-closing trial balance differs from the adjusted trial balance in that it
A) does not take into account closing entries
B) does not take into account adjusting entries
C) does not include balance sheet accounts
D) does not include income statement accounts

Question

Quizplus · Accepted Answer

The post-closing trial balance includes only balance sheet accounts because all income statement accounts are closed to retained earnings at the end of the accounting period.

The Post-Closing Trial Balance Differs from the Adjusted Trial Balance