Multiple Choice
The main reason for preparing a post-closing trial balance is to:
A) determine if any closing entries have been missed.
B) determine if any adjusting entries have been missed.
C) confirm that the ledger is in balance at the start of the new accounting period.
D) prepare the financial reports.
Correct Answer:
Verified
Correct Answer:
Verified
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Q51: A post-closing trial balance is prepared so
Q52: What is the correct order for the
Q53: The balance in the profit or loss
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