The post-closing trial balance would include Supplies Expense and Purchases.

Name: The post-closing trial balance would include Supplies Expense and Purchases.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The post-closing trial balance includes only balance sheet accounts, which are assets, liabilities, and equity accounts. Supplies Expense and Purchases are income statement accounts and would not appear on a post-closing trial balance after revenues and expenses have been closed to the income summary.

The Post-Closing Trial Balance Would Include Supplies Expense and Purchases