Question
1) Which of the following account for the difference between the adjusted trial balance and the post closing trial balance? Choose two. A) Permanent accounts
1) Which of the following account for the difference between the adjusted trial balance and the post closing trial balance? Choose two. A) Permanent accounts are excluded. B) The retained earnings account is closed out. C) The retained earnings account is properly updated. D) Temporary accounts are excluded.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting Understanding And Practice
Authors: Robert Perks
4th Edition
0077139135, 978-0077139131
