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:

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the profit from an investment by the cost of the investment.

Creative

Characterized by originality of thought or expression, leading to the invention or creation of something new or different.

Workplace Rage

Intense anger and aggression that occurs in the work environment, often resulting from stress, frustration, or perceived injustice.

Overtly Aggressive Behaviour

Behavior that is openly hostile or confrontational, often resulting in intimidation or bullying in various contexts.