Asked by
Shuba Letchumy
on Nov 15, 2024
Verified
The post-closing trial balance will contain only permanent accounts.
Post-closing Trial Balance
A list of all accounts and their balances after the closing entries are made, used to check the accuracy of closing entries and prepare for the next accounting period.
- Comprehend the functions and objectives of various trial balances within the accounting cycle.
Verified Answer
JM
Learning Objectives
- Comprehend the functions and objectives of various trial balances within the accounting cycle.