A post-closing trial balance will show
A) zero balances for all accounts.
B) zero balances for statement of financial position accounts.
C) only statement of financial position accounts.
D) only income statement accounts.

Question

Quizplus · Accepted Answer

A post-closing trial balance includes only the statement of financial position accounts (assets, liabilities, and equity) as all temporary accounts (revenues, expenses, and dividends) have been closed.

A Post-Closing Trial Balance Will Show