A trial balance prepared after the closing entries have been posted would exclude which one of the following accounts?
A) Inventory.
B) Trade receivables.
C) Accumulated depreciation.
D) Service revenue.

Question

Quizplus · Accepted Answer

Service revenue is an income statement account that would be closed to the retained earnings account at the end of the accounting period. Therefore, it would not appear in a post-closing trial balance, which only includes balance sheet accounts.

A Trial Balance Prepared After the Closing Entries Have Been