The post-closing trial balance contains only asset, liability, and revenue accounts.

Name: The post-closing trial balance contains only asset, liability, and revenue accounts.
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Question

Quizplus · Accepted Answer

The post-closing trial balance contains only balance sheet accounts, which include assets, liabilities, and equity accounts. Revenue accounts, along with expense accounts, are temporary accounts that are closed at the end of the accounting period and do not appear on the post-closing trial balance.

The Post-Closing Trial Balance Contains Only Asset, Liability, and Revenue