The accounts that appear on the post-closing trial balance are
A) assets, liabilities, and owner's capital.
B) revenue, expenses, and owner's drawing.
C) all accounts in the chart of accounts.
D) all temporary accounts.

Question

Quizplus · Accepted Answer

The post-closing trial balance includes only permanent accounts, which are assets, liabilities, and owner's capital. Temporary accounts like revenue, expenses, and owner's drawing are closed to the owner's capital account at the end of the accounting period and do not appear on the post-closing trial balance.

The Accounts That Appear on the Post-Closing Trial Balance Are