A trial balance of the general ledger accounts taken after the temporary owner's equity accounts have been closed is usually referred to as a

Question

Quizplus · Accepted Answer

A trial balance taken after the temporary owner's equity accounts have been closed is known as a post-closing trial balance. This is because it is taken after closing entries have been made, which involves transferring the balances of temporary accounts to the retained earnings account in order to start the next accounting period with a clean slate.

A Trial Balance of the General Ledger Accounts Taken After