The post-closing trial balance contains:
A) assets and liabilities.
B) all accounts with balances.
C) only permanent accounts.
D) All of these answers are correct.

Question

Quizplus · Accepted Answer

The post-closing trial balance contains assets, liabilities, and equity accounts, which are all permanent accounts. It does not include temporary accounts like revenues, expenses, and dividends because these accounts have been closed to retained earnings. Therefore, all the options provided are aspects of the post-closing trial balance, making "All of these answers are correct" the correct choice.

The Post-Closing Trial Balance Contains