Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

2) Put the headings in the order in which they are normally found in a worksheet. A) Trial balance B) Adjustments C) Income statement D) Statement of retained earnings E) Adjusted trial balance F) Balance sheet

Can you explain the answers.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting A Smart Approach

Authors: Mary Carey, Jane Towers-Clark, Cathy Knowles

2nd Edition

0199674914, 978-0199674916

More Books

Students also viewed these Accounting questions