Multiple Choice
Which of the following statements is true regarding the post-closing trial balance?
A) The post-closing trial balance will be distributed to investors and other stakeholders along with the financial statements.
B) The post-closing trial balance is a report prepared before the adjustments and the financial statements to prove that debits equal credits.
C) The post-closing trial balance is an internal report prepared as the last step in the accounting cycle.
Correct Answer:
Verified
Correct Answer:
Verified
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