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:

Avoidance-avoidance Conflict

A psychological conflict that occurs when an individual is compelled to choose between two equally unattractive options or outcomes.

Approach-avoidance Conflict

A psychological conflict that occurs when a goal or situation has both positive and negative aspects, making the decision-making process challenging.

Approach-approach Conflict

A psychological conflict that occurs when a person has to choose between two attractive goals or outcomes.

Double approach-avoidance Conflict

A psychological conflict that occurs when a person faces a choice between two options, each having both appealing and negative aspects.