Multiple Choice
A post-closing trial balance is prepared so that:
A) the adjusting entries can be completed.
B) the entity can determine if any adjusting entries have been missed.
C) the equality of debits and credits in the general ledger can be tested to ensure the opening position is correct for the next period.
D) all pre-closing account balances can be confirmed as correct.
Correct Answer:
Verified
Correct Answer:
Verified
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