menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting A Career Approach
  4. Exam
    Exam 5: Closing Entries and the Post-Closing Trial Balance
  5. Question
    The Purpose of the Post-Closing Trial Balance Is to Make
Solved

The Purpose of the Post-Closing Trial Balance Is to Make

Question 76

Question 76

True/False

The purpose of the post-closing trial balance is to make sure the debit balances equal the credit balances before the closing process.

Correct Answer:

verifed

Verified

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

Related Questions

Q71: Information for the closing entries is normally

Q72: Entries required to clear or zero the

Q73: On December 31, the ledger accounts of

Q74: The adjusted balances for Tomas Co. are

Q75: Which of the following account(s) are real

Q77: The fourth step in the closing procedure

Q78: Which of the following accounts should be

Q79: Closing entries are prepared<br>A) before adjusting entries.<br>B)

Q80: Which of the following accounts should be

Q81: List and explain at least two advantages

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines