MC16 What is a post-closing trial balance?
A. A trial balance that is prepared before the closing entries
B. A trial balance that is prepared after the closing entries
C. A trial balance that includes only the temporary accounts
D. A trial balance that includes only the permanent accounts
Answer:D
MC16 What is a post-closing trial balance?
A. A trial balance that is prepared before the closing entries B. A trial balance that is prepared after the closing entries C. A trial balance that includes only the temporary accounts D. A trial balance that includes only the permanent accounts