Question: The post-closing trial balance differs from the adjusted trial balance in that it : Question 6 options: does not take into account closing entries does

The post-closing trial balance differs from the adjusted trial balance in that it :

Question 6 options:

does not take into account closing entries

does not take into account adjusting entries

does not include balance sheet accounts

does not include income statement accounts

Step by Step Solution

★★★★★

3.45 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

answers C and D The closing entries are used to remove the tempor... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Assets 101 Cash Eli's Consulting Services Chart of Accounts 111 Accounts Receivable 121 Supplies 134 Prepaid Insurance 137 Prepaid Rent 141 Equipment 142 Accumulated Depreciation- Equipment...

Q:

Nan Fung Industries manufactures and sells a special model of watches called Prime. It expects to sell 3,200 units of Prime in 2019. The following per unit information are given for 2019: Selling...

Q:

MAKE SURE TO COMPLETE ALL REQUIREMENTS WHICH ARE LISTED BELOW. There are 10 sheets in the Workbook, including this one. All of the information that you need for the project is located in this...

Q:

Laidig Industries has prepare the following unadjusted trial balance as of December 31, ADDITIONAL INFORMATION1. A physical count of inventory on December 31, 2012, indicated that the company had...

Q:

Laidig Industries has prepared the following unadjusted trial balance as of December 31, 2015: ADDITIONAL INFORMATION: 1. A physical count of inventory on December 31, 2015, indicated that the...

Q:

Laidig Industries has prepared the following un-adjusted trial balance as of December 31, 2018: ADDITIONAL INFORMATION: 1. A physical count of inventory on December 31, 2018, indicated that the...

Q:

Eskimo Pie Corporation markets a broad range of frozen treats, including its famous Eskimo Pie ice cream bars. The following items were taken from a recent income statement and balance sheet. In each...

Q:

Several doctors are considering the purchase of a small real estate business as an investment. Because you have some training in the accounting cycle, they have hired you to review the real estate...

Q:

Multiple Choice 1. If a company issues a balance sheet and an income statement with comparative figures from last year, a statement of cash flows a. Is no longer necessary, but may be issued at the...

Q:

Today is April 1 and Dale has just received the annual report of Clam Chowder Company, in which he owns stock. Displayed below are the comparative balance sheet and income statement that have drawn...

Q:

is the use of networking technology to conduct real-time face-to-face meetings between individuals physically located in different places O a VoIP conferencing Ob. Phone conferencing Oc Online...

Q:

1. Assemble the electro-pneumatics circuit based on the diagram given. YO A 24V SW1 F K1 K1 SW2 F--) OV AQ A1 20 YI 21 K2 BO A1 81 AO YO Y1 K1 ZO Z1 Results/Discussions. Figure 5.1: Two cylinders...

Q:

Describe Porter's Five Forces and how they show a company's competitive advantage

Q:

(15 points) A few weeks after the limits and average case performance were established and agreed upon by the study team, the Authority commissions another round of observations (see below) to...

Q:

Problem 1 of 2 [60 points] a. Create a hand drawing on a blank sheet with all necessary orthographic views of the object shown below, using your geometry set and compass. Make sure the views are...

Q:

The rear suspension of a motorcycle can be analyzed as an inverted slider-crank mechanism. The frame of the motorcycle is link 1, and the tire assembly (tire and rim) is attached to link 2 at point...

Q:

Which brand in 2 0 1 8 was ranked as the most loved brand on social media by Millennials, in part because of the specials it offered to its most loyal customers? Multiple Choice Barnes and Noble...

Q:

Quadrilateral EFGH is a kite. Find mG. E H

Q:

Which type of endorsement is most appropriate for a business to use?

Q:

Determine the necessary end-of-June adjustments for Brown Company. 1. On June 1, 2016, Brown Company, a new firm, paid $7,000 rent in advance for a seven-month period. The $7,000 was debited to the...

Q:

What is the purpose of the Public Company Accounting Oversight Board?

Q:

Determine whether each of the following statements is positive or normative. a. The government should impose stricter regulations on the banking sector to avoid future financial crises. b. Financial...

Q:

Suppose that a company would like to purchase a fairly complicated machine to use in its manufacturing operation. Several different machines are available, and their prices are more or less...

Q:

Explain in your own words why swing weights produce meaningful weights for evaluating alternatives.