The Purpose of the Post-Closing Trial Balance Is to

question 34

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 permanent account balances that are carried forward into the next accounting period.
• C)prove the equality of the temporary account balances that are carried forward into the next accounting period.
• D)list all the statement of financial position accounts in alphabetical order for easy reference.

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Definitions:

Parathyroid Glands

Tiny glands in the neck that secrete parathyroid hormone, responsible for controlling blood calcium concentrations.

Osteoclasts

Large bone cells that dissolve bone tissue during growth and healing processes, playing a critical role in bone resorption and remodeling.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for physical activity by accelerating the heart rate, constricting blood vessels, and raising blood pressure among other functions.

Adrenal Gland

An endocrine gland located above the kidney that produces various hormones, including adrenaline and steroids.