Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements is true? A post - closing trial balance should include only permanent account. By using a work sheet to prepare

Which of the following statements is true? A post-closing trial balance should include only permanent account. By using a work sheet to prepare adjusting entries you need not post these entries to the ledger accounts.

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

Students also viewed these Accounting questions

Question

1 Learn the nature of a competitive market

Answered: 1 week ago