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:

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Big Five

A theory describing human personality as composed of five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Neuroticism

A personality trait characterized by anxiety, moodiness, worry, envy, and jealousy.

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