The Purpose of the Post-Closing Trial Balance Is to

question 214

Multiple Choice

The purpose of the post-closing trial balance is to

• A) prove that no mistakes were made.
• B) prove the equality of the balance sheet account balances that are carried forward into the next accounting period.
• C) prove the equality of the income statement account balances that are carried forward into the next accounting period.
• D) list all the balance sheet accounts in alphabetical order for easy reference.

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Definitions:

Color Code

A system of identification that uses different colors to represent specific information, often used in settings like hospitals to quickly convey medical alerts or in industries for safety.

ECG Tracings

Recordings of the electrical activity of the heart measured during an electrocardiogram (ECG) test.

Computerized Analysis

The use of computer technology to examine data or systems in detail in order to identify patterns, trends, or important information, often employed in research and business sectors.

Atrial Depolarization

The excitement and contraction caused by the SA node at the beginning of the cardiac cycle.