The post-closing trial balance contains only
A) income statement accounts.
B) balance sheet accounts.
C) balance sheet and income statement accounts.
D) income statement balance sheet and owner's equity statement accounts.

Question

Quizplus · Accepted Answer

The post-closing trial balance is prepared after all the temporary income statement accounts have been closed and only the permanent balance sheet accounts remain. Therefore, the post-closing trial balance contains only balance sheet accounts.

The Post-Closing Trial Balance Contains Only