a . What is the purpose of the post-closing trial balance? b . Why does the post-closing
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a. What is the purpose of the post-closing trial balance?
b. Why does the post-closing trial balance have balances of only permanent accounts?
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The purpose of the postclosing trial balance is to ensure the total of all debits and credits equal ...View the full answer
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Hardik Dudhat
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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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