Which Type of Accounts Will Not Appear in the Post-Closing

question 99

Multiple Choice

Which type of accounts will not appear in the post-closing trial balance?

• A)Asset accounts
• B)Permanent accounts
• C)Liability accounts
• D)Temporary accounts

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Definitions:

Global Transmission

The worldwide spread or transfer of cultures, diseases, information, technologies, and other phenomena.

Industrial Capitalism

An economic system characterized by private or corporate ownership of capital goods, production for profit, and competitive markets.

Market

A system or environment where buyers and sellers interact to exchange goods, services, or information.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.