Which of the following can be prepared by taking the account balances from the general ledger after closing?
A) Income statement
B) Post-closing trial balance
C) Balance sheet
D) Statement of owner's equity
E) Adjusted trial balance

Question

Quizplus · Accepted Answer

A post-closing trial balance is prepared after closing entries are made and posted to the ledger, to ensure that debits equal credits before the next accounting period begins.

Which of the Following Can Be Prepared by Taking the Account