Which of the following are NOT included in a post-closing trial balance?
A) Assets and liabilities
B) Retained Earnings and assets
C) Common Stock and liabilities
D) Revenues and expenses
D
You might also like to view...
According to Worth, what style of leadership is best suited for leading nonprofit organizations?
A. autocratic B. legislative C. transactional D. transformational
The Unadjusted Trial Balance columns of a work sheet total $84,000. The Adjustments columns contain entries for the following:1. Office supplies used during the period, $1,200. 2. Expiration of prepaid rent, $700. 3. Accrued salaries expense, $500. 4. Depreciation expense, $800. 5. Accrued service fees receivable, $400. The Adjusted Trial Balance columns total is:
A. $80,400. B. $87,600. C. $84,000. D. $85,900. E. $85,700.
Most computer linear programming packages readily accept constraints entered in fractional form, such as X1/X3
Indicate whether this statement is true or false.
Which of the following is the usual final step in the accounting cycle?
A. Journalizing transactions. B. Preparing the financial statements. C. Preparing a post-closing trial balance. D. Preparing an adjusted trial balance. E. Preparing a work sheet.