Solved

A Post-Closing Trial Balance Is Used to Prove the Equality

Question 23

True/False

A post-closing trial balance is used to prove the equality of debit and credit balances in the general ledger accounts after the closing entries have been posted.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q18: The amounts in the financial statements must

Q19: Match the terms with the definitions.<br>-The process

Q20: Match the terms with the definitions.<br>-A balance

Q21: Match the terms with the definitions.<br>-Assets that

Q22: The journal entry to close the income

Q24: Long-term liabilities may also be called long-term

Q25: Match the terms with the definitions.<br>-Accounts that

Q26: Match the terms with the definitions.<br>-Prepared after

Q27: The account to which the drawing account

Q28: Match the terms with the definitions.<br>-Cash and