A post-closing trial balance would show a zero balance in which one of the following accounts?
A)Supplies.
B)Accounts receivable.
C)Accumulated depreciation.
D)Income tax expense.

Question

Quizplus · Accepted Answer

A post-closing trial balance includes only balance sheet accounts, which are permanent accounts. Income tax expense, being a nominal (or temporary) account, would have been closed to Retained Earnings at the end of the accounting period, thus showing a zero balance in the post-closing trial balance.

A Post-Closing Trial Balance Would Show a Zero Balance in Which