The Post-Closing Trial Balance

question 69

Multiple Choice

The post-closing trial balance

• A)Consists of statement of financial position accounts only.
• B)Will balance if a transaction is not journalized and posted, or if a transaction is journalized and posted twice.
• C)Shows that the accounting equation is in balance at the end of the accounting period.
• D)All of the choices are correct regarding the post-closing trial balance.

---

Definitions:

Trailer Upper Coupler

The front part of a trailer that connects to the tractor or towing vehicle, typically encompassing the kingpin and associated mechanisms.

Kingpin

Kingpin is a crucial component in vehicle steering mechanisms, particularly in trailers, where it serves as the pivot point in the steering axle’s suspension system, or in connecting the trailer to the hauling vehicle.

SAE Standard

Specifications and guidelines for automotive engineering set by the Society of Automotive Engineers.

Kingpins

Essential components in vehicle steering systems that serve as the pivot point for steering knuckles, enabling wheels to turn.