Solved

To Prove the Equality of the Debit and Credit Balances

Question 92

Multiple Choice

To prove the equality of the debit and credit balances in the general ledger accounts after the closing entries have been journalized and posted,prepare the


A) balance sheet.
B) income statement.
C) adjustments.
D) post-closing trial balance.

Correct Answer:

verifed

Verified

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

Related Questions

Q87: Match the terms with the definitions.<br>-Obligations that

Q88: Owner's equity can be increased through<br>A) withdrawals

Q89: To close a revenue account with a

Q90: A balance sheet that groups similar items

Q91: The total assets amount to $26,000 and

Q93: A form of balance sheet that lists

Q94: An income statement is an itemized statement

Q95: The amount reported in the Balance Sheet

Q96: After the closing entries are journalized and

Q97: The Account Title and Balance Sheet columns