Identify whether the following accounts would be included on a post-closing trialbalance. Post-Closing Trial Balance Account Title
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Post-Closing Trial Balance Account Title Yes No 0. Example: Cash a Income from Services b. Prepaid Insurance c. Supplies Expense d. Accounts Payable e. E Oz, Drawing f. Depreciation Expense, Equipment g. Wages Payable h. Accounts Receivable i. Wages Expense . Accumulated Depreciation, Equipment k F Oz, Capital
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Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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