The Major Purpose of a Post-Closing Trial Balance Is To

question 48

Multiple Choice

The major purpose of a post-closing trial balance is to:

• A) confirm that the adjusting entries are correct.
• B) determine if any adjusting entries have been omitted.
• C) test for equality of debits and credits in the general ledger to ensure the opening position is correct for the next period.
• D) make sure that all post-closing account balances are equal to the pre-closing account balances.

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Definitions:

Genetics

The branch of biology that deals with heredity, genetic variation, and the mechanisms by which certain traits are passed from parents to offspring.

Sir Francis Galton

A 19th-century scientist known for his pioneering studies in heredity and human intelligence, and for introducing statistical concepts to the study of biology.

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Genetics

The study of heredity and the variation of inherited characteristics among living organisms.