A Post-Closing Trial Balance Will Show

question 117

Multiple Choice

A post-closing trial balance will show

• A) only permanent account balances.
• B) only temporary account balances.
• C) zero balances for all accounts.
• D) the amount of net income (or loss) for the period.

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Definitions:

Paste Numbers

The action of inserting only the numeric data from a copied selection, excluding any text or formatting.

Values

In computing, discrete data represented or stored within a variable or a constant in programming languages.

Number Formatting

The way numerical data is displayed or printed, including the use of decimal points, commas, and currency symbols.

Commitment to Conformity

A psychological state where an individual consistently follows the norms, rules, or laws of a given group or society.