The Post-Closing Trial Balance Contains Only Permanent Accounts

question 131

True/False

The post-closing trial balance contains only permanent accounts.

---

Definitions:

B2C

Business-to-Consumer, a business model where companies sell products or services directly to individual consumers.

C2C

Consumer-to-Consumer, a business model that facilitates commerce between private individuals on the internet.

C2B

Consumer to Business, a type of economic relationship where individuals sell products or services to businesses.

Geolocation

The method of identifying the geographical location of a person or device, usually by utilizing information processed through the Internet.