A Post-Closing Trial Balance Should Be Prepared

question 236

Multiple Choice

A post-closing trial balance should be prepared

• A) before closing entries are posted to the ledger accounts.
• B) after closing entries are posted to the ledger accounts.
• C) before adjusting entries are posted to the ledger accounts.
• D) only if an error in the accounts is detected.

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Definitions:

Transcendentalists

A group of 19th-century American philosophers and writers who believed in the inherent goodness of people and nature, emphasizing self-reliance and individualism.

New England

A region in the northeastern United States comprising six states: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont, known for its colonial history and distinct seasonal changes.

Inventors

Individuals who create new products, processes, or ideas that have never existed before.

Patent Applications

Formal requests for the grant of a patent, submitted to a patent office, to claim the inventor's right to the exclusive use of an invention.