Why are temporary accounts omitted from a post-closing trial balance?

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Accounting Multicolumn Journal

ISBN: 9781285528458

10th Edition

Authors: Claudia Gilbertson

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Question Posted: May 13, 2024 06:02 AM

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TranscribedText: MGMT210: Course Project Prepare the Journal Entries in the General Journal 1 7 Journal Entries Post Journal Entries to the General Ledger 2 - General Ledger Prepare a Trial Balance 3...
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Which accounts go on the post-closing trial balance?
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Why are temporary accounts omitted from a post-closing trial balance?

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Temporary accounts such as revenue expense and dividend accounts are closed at the ...View the full answer

Accounting Multicolumn Journal

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