The balances that appear on the post-closing trial balance will match the

Question

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The post-closing trial balance is prepared after closing entries have been made, so all temporary accounts (such as revenue and expense accounts) will have been closed to retained earnings. Therefore, the post-closing trial balance will only show the balances of permanent accounts (such as assets, liabilities, and equity accounts) which will appear on the balance sheet.

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