Question: A post - closing trial balance will show only temporary account balances. only permanent account balances. the amount of net income ( or loss )
A postclosing trial balance will show
only temporary account balances.
only permanent account balances.
the amount of net income or loss for the
period.
zero balances for all accounts.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
