Which of the following accounts will be included in a post-closing trial balance?
A) Owner, Withdrawals
B) Salaries Expense
C) Owner, Capital
D) Supplies Expense

Question

Quizplus · Accepted Answer

The post-closing trial balance includes only permanent accounts, which are the balance sheet accounts. Owner, Capital is a balance sheet account and will be included in the post-closing trial balance. Owner, Withdrawals and Supplies Expense are temporary accounts that are closed to Owner, Capital at the end of the accounting period and will not be included in the post-closing trial balance. Salaries Expense is also a temporary account that is closed to Income Summary and will not be included in the post-closing trial balance.

Which of the Following Accounts Will Be Included in a Post-Closing