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:

Steep Cliffs

Vertical or near-vertical rock faces, often formed by the erosive actions of water or the earth's tectonic movements.

Dry Climate

A climate characterized by low precipitation throughout the year, leading to arid conditions and limited vegetation.

Water Shortages

Situations where the available water supply is unable to meet the water demand, often due to drought, overuse, or contamination.

Volcanic Activity

The process of magma rising to the surface, resulting in eruptions that may release lava, pyroclastic material, and gases.