Revenue and expenses would not appear on a(n)
A) unadjusted trial balance.
B) adjusted trial balance.
C) income statement.
D) work sheet.
E) post-closing trial balance.

Question

Quizplus · Accepted Answer

Revenue and expenses are temporary accounts that are closed to the Retained Earnings account at the end of the accounting period. The post-closing trial balance includes only permanent accounts (assets, liabilities, and equity) and does not include temporary accounts like revenues and expenses.

Revenue and Expenses Would Not Appear on A(n)