An error is indicated if the following account has a balance appearing on the post-closing trial balance:
A) Office Equipment.
B) Accumulated Depreciation-Office Equipment.
C) Depreciation Expense-Office Equipment.
D) Ted Nash, Capital.
E) Salaries Payable.

Question

Quizplus · Accepted Answer

Depreciation Expense-Office Equipment should not appear on the post-closing trial balance because it is an expense account, and all expense accounts should have been closed to the Income Summary account by the end of the accounting period.

An Error Is Indicated If the Following Account Has a Balance