The balances that appear on the post-closing trial balance will match the
A) income statement account balances after adjustments.
B) balance sheet account balances after closing entries.
C) income statement account balances after closing entries.
D) balance sheet account balances after adjustments.

Question

Quizplus · Accepted Answer

The post-closing trial balance includes only balance sheet accounts, and these balances should match the balance sheet account balances after closing entries are made. The income statement accounts will have a zero balance after closing entries, so option A and C are incorrect. Option D refers to balance sheet account balances after adjustments, which are not relevant to the post-closing trial balance.

The Balances That Appear on the Post-Closing Trial Balance Will