When Is a Post-Closing Trial Balance Prepared

question 85

Multiple Choice

When is a post-closing trial balance prepared?

• A) when reversing entries are required
• B) after adjusting entries but before closing entries
• C) after both adjusting and closing entries have been posted
• D) after the balance sheet has been prepared

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Definitions:

Conveying Negative Information

The process of communicating unfavorable news or feedback in a sensitive or tactful manner.

Buffer

A temporary storage area or a means to mitigate the impact of something negative.

Line of Reasoning

A logical sequence of statements or explanations that lead to a conclusion or understanding.

Bad News

Communication that conveys unfavorable, disappointing, or upsetting information to the recipient.