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22 November, 06:29

A post-closing trial balance:

a. is a list of all accounts and their balances after adjusting entries.

b. is a trial balance adjusted for cash-basis accounting.

c. is a list of all accounts and their balances after closing entries.

d. is a list of all accounts and their balances before adjusting entries.

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Answers (1)
  1. 22 November, 06:52
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    Answer is option C, i. e. is a list of all accounts and their balances after closing entries.

    Explanation:

    A post-closing trial balance is the third and last type of trial balance that contains a list of all the accounts that have been created and also all the balances even after the closing entry has been made. This is made after the closing entries have been made in the journal and posted to the ledger.
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Home » Business » A post-closing trial balance: a. is a list of all accounts and their balances after adjusting entries. b. is a trial balance adjusted for cash-basis accounting. c. is a list of all accounts and their balances after closing entries. d.
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