Which of the following accounts will appear on the post-closing trial balance?
A) Capital
B) Cost of Goods Sold
C) Sales
D) Withdrawals

Question

Quizplus · Accepted Answer

Only the capital account will appear on the post-closing trial balance as it is a permanent account that reflects the owner's equity in the business after closing. Cost of goods sold, sales, and withdrawals are temporary accounts that are closed at the end of the accounting period and do not appear on the post-closing trial balance.

Which of the Following Accounts Will Appear on the Post-Closing