An error must have been made if which of the following accounts appears on the post-closing trial balance with a balance other than zero?
A)Equipment
B)Common Stock
C)Accumulated Depreciation
D)Depreciation Expense

Question

Quizplus · Accepted Answer

Temporary accounts are closed in the closing process which means that they have zero balances and therefore do not appear on the post-closing trial balance.Depreciation Expense is a temporary account and,as such,should have a zero balance on the post-closing trial balance.

An Error Must Have Been Made If Which of the Following