The correct Answer is Permanent Accounts
The Accounts which are not closed at the end of the accounting period will only appear on the Post closing Trial Balance
Which types of accounts will appear in the post-closing trial balance? Permanent accounts. O Temporary accounts....
Identifying Permanent Accounts Which of the following accounts will usually appear in the post-closing trial balance? a. Accounts Receivable b. Cash c. Depreciation Expense d. Fees Earned e. Doug Woods, Capital f. Doug Woods, Drawing g. Equipment h. Land i. Salaries Payable j. Unearned Rent k. Wages Expense
Question 10 (1 point) Saved Which type of accounts will not appear in the post-closing trial balance? Page 2 1) Asset accounts Page 3 2) Permanent accounts 3) Liability accounts 4) Temporary accounts Previous Page Page 10 of 10 Page 5 9 of 10 questions saved Page 1
Which of the following accounts would not appear on the post-closing trial balance? Select one: O A. Cash O B. Inventory O C. Accounts receivable O D. Rent expense
Which of the following accounts will appear on the post-closing trial balance? Multiple Choice The owner's drawing account Fees Income The owner's capital account Rent Expense
Close the permanent accounts Close the temporary accounts Prepare the adjusted trial balance Prepare the financial statements Prepare the post-closing trial balance Record the transactions in the journal Record the adjusting journal entries in the journal Select the remaining steps, in the order in which they must be completed, to finish Master Minds Consulting's accounting cycle for the month of January. Remaining steps to complete the accounting cycle for January E @ @ (4) L
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The post-closing trial balance may contain revenue and expense accounts Select one O True False Which of the following is not part of the conceptual framework project? Select one or more a. Quantitative characteristics b. Objectives of financial reporting c Qualitative characteristics d. Basic elements of financial statements Net income for a period appears in all but which one of the following? Select one or more: a Balance sheet b. Income Statement debit...
The post-closing trial balance differs from the adjusted trial balance in that it does not A. Take into account closing entries B. Take into account adjusting entries C. Include income statement accounts D. Include balance sheet accounts
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Which of the following accounts would show a balance in a post-closing trial balance? Select one: O a. Dividends b. Rent Expense C. Sales Revenue d. Accumulated Depreciation e. None of the above X A major purpose of closing entries is to: Select one: o a. zero out the Retained Earnings account b. adjust the asset accounts to their current balances c. transfer the net income and dividends of the period to Retained Earnings d. close out the...
Post-Closing Trial Balance An accountant prepared the following post-closing trial balance: Security Services Co. Post-Closing Trial Balance July 31, 2018 Debit Balances 18,000 39,960 Credit Balances Cash Accounts Receivable Supplies 2,520 178,020 Equipment Accumulated Depreciation - Equipment 59,400 21,600 Accounts Payable Salaries Payable 1,980 Unearned Rent 8,100 Common Stock 13,500 Retained Earnings 133,920 294,480 182,520 Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown are correct. If an amount box does...
Identify which of the following accounts would be included in a post-closing trial balance. Included in post-closing trial balance? a. Cash b. Haircutting Revenue Furniture d. Goodwill e Taxes Expense Factory f.