The post-closing trial balance contains only
A) income statement accounts.
B) statement of financial position accounts.
C) statement of financial position and income statement accounts.
D) income statement, statement of financial position, and equity statement accounts.

Question

Quizplus · Accepted Answer

The post-closing trial balance contains only statement of financial position accounts, which include assets, liabilities, and equity accounts. Income statement accounts are closed and do not appear in the post-closing trial balance.

The Post-Closing Trial Balance Contains Only