A post-closing trial balance will show
A) zero balances for all accounts.
B) zero balances for balance sheet accounts.
C) only balance sheet accounts.
D) only income statement accounts.

Question

Quizplus · Accepted Answer

A post-closing trial balance includes only balance sheet accounts because revenue, expense, and dividend accounts have been closed to Retained Earnings to prepare the company for the next accounting period.

A Post-Closing Trial Balance Will Show