A post-closing trial balance shows
A)All ledger accounts with a balance, which include some temporary and some real accounts.
B)Only asset accounts.
C)Only revenue and expense accounts.
D)All ledger accounts with a balance, none of which can be real accounts.
E)All ledger accounts with a balance, none of which can be temporary accounts.

Question

Quizplus · Accepted Answer

A post-closing trial balance includes only real accounts (permanent accounts) with balances, as all temporary accounts (revenues, expenses, and dividends) have been closed to retained earnings.

A Post-Closing Trial Balance Shows