What accounts appear on the post-closing trial balance?
Understand the Problem
The question is asking about the specific accounts that are included in a post-closing trial balance, which reflects the financial position of a company after closing entries have been made at the end of an accounting period.
Answer
Assets, liabilities, and equity accounts
The post-closing trial balance includes only permanent accounts such as assets, liabilities, and equity accounts.
Answer for screen readers
The post-closing trial balance includes only permanent accounts such as assets, liabilities, and equity accounts.
More Information
Post-closing trial balances only include permanent accounts because temporary accounts are reset during the closing process.
Sources
- Post-Closing Trial Balance: Definition, Example and FAQs - Indeed - indeed.com
- 1.16 Post-Closing Trial Balance - The Pennsylvania State University - psu.pb.unizin.org
- What is Post-Closing Trial Balance? (With Example) - Suozziforny - suozziforny.com
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