The heading for a post-closing trial balance has a date line that is similar to the one found on
A) a statement of financial position.
B) an income statement.
C) a retained earnings statement.
D) a worksheet.

Question

Quizplus · Accepted Answer

The heading for a post-closing trial balance includes a date line, which is similar to the one found on a statement of financial position (also known as a balance sheet), as both reports present financial information as of a specific date. The date on the post-closing trial balance would be the end of the accounting period after all adjusting and closing entries have been made.

The Heading for a Post-Closing Trial Balance Has a Date