A post-closing trial balance will show
A)only statement of financial position accounts.
B)zero balances for all accounts.
C)zero balances for statement of financial position accounts.
D)only income statement accounts.

Question

Quizplus · Accepted Answer

A post-closing trial balance includes only the statement of financial position accounts (assets, liabilities, and equity) with their balances, as all temporary accounts (revenues, expenses, and dividends) have been closed and have zero balances.

A Post-Closing Trial Balance Will Show