The Purpose of the Post-Closing Trial Balance Is to Prove

question 71

True/False

The purpose of the post-closing trial balance is to prove that the general ledger is in balance at the beginning of the new accounting period.

---

Definitions:

Angina Pectoris

A condition characterized by chest pain or discomfort due to coronary heart disease, where blood flow to the heart muscle is restricted.

Myocardium

The muscular tissue of the heart that is responsible for heart contractions to pump blood throughout the body.

Oxygen

A chemical element that is crucial for life, necessary for respiration in humans and animals, and plays a vital role in combustion.

Arteriosclerosis

The thickening, hardening, and loss of elasticity of the walls of arteries, leading to restricted blood flow.