The purpose of the post-closing trial balance is to prove the general ledger equality of debits and credits.

Name: The purpose of the post-closing trial balance is to prove the general ledger equality of debits and credits.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

The post-closing trial balance is prepared after closing entries are made and posted to the ledger, to ensure that total debits equal total credits, indicating that the ledger is in balance.

The Purpose of the Post-Closing Trial Balance Is to Prove