post-closing trial balance is completed:
A) after the work sheet, but before the closing entries.
B) after the financial statements.
C) after the adjusting entries, but before the closing entries.
D) before net income is determined.

Question

Quizplus · Accepted Answer

A post-closing trial balance is completed after the financial statements. This is because it is used to check the balance of permanent accounts after closing entries have been made and to ensure that debits equal credits.

Post-Closing Trial Balance Is Completed