The purpose of the post-closing trial balance is to:
A)prove that no mistakes were made.
B)prove the equality of the permanent account balances that are carried forward into the next accounting period.
C)prove the equality of the temporary account balances that are carried forward into the next accounting period.
D)list all the balance sheet accounts in alphabetical order for easy reference.

Question

Quizplus · Accepted Answer

The post-closing trial balance is prepared to ensure that the total of all debit balances equals the total of all credit balances for the permanent accounts, which are carried forward into the next accounting period. Temporary accounts are closed and not included in this trial balance.

The Purpose of the Post-Closing Trial Balance Is To