The post closing trial balance for a company will not contain an account balance for:

Question

Quizplus · Accepted Answer

The post-closing trial balance only includes accounts with balances that are not closed at the end of the accounting period, such as assets, liabilities, and retained earnings. Revenues, on the other hand, are closed at the end of the period, and their balances are transferred to the retained earnings account, which is why there will be no revenue account balance in the post-closing trial balance.

The Post Closing Trial Balance for a Company Will Not