The purpose of a post-closing trial balance is: a. To list all permanent accounts and their balances
Question:
The purpose of a post-closing trial balance is:
a. To list all permanent accounts and their balances after all closing entries are posted
b. To list all temporary accounts and their balances after all closing entries are posted
c. To record all year-end balances of accounts at the end of an accounting period
d. To prepare financial statements at the end of an accounting period
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For 
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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