The heading for a post-closing trial balance has a date line that is similar to the one found on
A) a balance sheet.
B) an income statement.
C) a statement of owner's equity.
D) the work sheet.

Question

Quizplus · Accepted Answer

The heading for a post-closing trial balance includes a specific date (e.g., "As of December 31, 202X"), similar to the heading on a balance sheet, which also reports financial position as of a specific date. Income statements, statements of owner's equity, and worksheets typically cover a period of time (e.g., "For the Year Ended December 31, 202X"), rather than a specific date.

The Heading for a Post-Closing Trial Balance Has a Date