All of the Following Statements About the Post-Closing Trial Balance

question 239

Multiple Choice

All of the following statements about the post-closing trial balance are correct except it

• A) shows that the accounting equation is in balance.
• B) provides evidence that the journalizing and posting of closing entries have been properly completed.
• C) contains only permanent accounts.
• D) proves that all transactions have been recorded.

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Definitions:

Monte

A term that can refer to a mountain or a heap of something, but contextually might need specification.

Church

Christian house of worship.

Eadwine Psalter

A highly decorated 12th-century manuscript Psalter, named after Eadwine, a monk who may have been responsible for its production, notable for its artistic and liturgical importance.

Utrecht Psalter

A highly important and richly illustrated manuscript containing psalms and other religious texts, created around the 9th century.