The Post-Closing Trial Balance Contains

question 48

Multiple Choice

The post-closing trial balance contains:

• A) assets and liabilities.
• B) all accounts with balances.
• C) only permanent accounts.
• D) All of these answers are correct.

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Definitions:

Reducing Expenses

The act of cutting back on costs or spending in order to improve financial health.

Market Segments

Subsets of a market made up of people or organizations with one or more characteristics that cause them to demand similar product and/or services based on qualities of those products such as prices or function.

Product Prices

The amount of money required to purchase a good or service, often influenced by factors such as production costs, competition, and demand.

Narrow Range

A situation where variations or differences within data points, options, or outcomes are minimal or significantly limited.