A post-closing trial balance will show

Question

Quizplus · Accepted Answer

A post-closing trial balance only includes permanent account balances, which are those related to assets, liabilities, and equity accounts. Temporary account balances, including those related to revenue, expenses, gains, and losses, are closed out at the end of the accounting period and will not appear on this type of trial balance. The post-closing trial balance should have zero balances for temporary accounts, and will not reflect the amount of net income (or loss) for the period.

A Post-Closing Trial Balance Will Show