The purpose of the post-closing trial balance is to make sure the debit balances equal the credit balances before the closing process.

Name: The purpose of the post-closing trial balance is to make sure the debit balances equal the credit balances before the closing process.
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

The purpose of the post-closing trial balance is to ensure that all temporary accounts have been closed and that the total debit balances equal the total credit balances after the closing process.

The Purpose of the Post-Closing Trial Balance Is to Make