The post closing trial balance contains which of the following accounts?

Question

Quizplus · Accepted Answer

The post-closing trial balance includes all balance sheet accounts that have balances after closing entries are made. Retained Earnings is a balance sheet account reflecting the company's profits that have not been distributed to shareholders as dividends. Accounts like Cost of Goods Sold, Depreciation Expense, and Service Revenue are temporary accounts that would have been closed to Retained Earnings at the end of the accounting period and therefore do not appear in the post-closing trial balance.

The Post Closing Trial Balance Contains Which of the Following