A Post-Closing Trial Balance Should Be Prepared

question 236

Multiple Choice

A post-closing trial balance should be prepared

• A) before closing entries are posted to the ledger accounts.
• B) after closing entries are posted to the ledger accounts.
• C) before adjusting entries are posted to the ledger accounts.
• D) only if an error in the accounts is detected.

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Definitions:

Judy DeLoache

Judy DeLoache is a psychologist known for her research in the development of symbolic understanding in children and how they interact with media and tangible objects.

Research

The systematic investigation or study into materials, sources, etc., in order to establish facts and reach new conclusions.

Theory Of Mind

The capability to understand and attribute various mental states like beliefs, intentions, desires, emotions, and knowledge to both oneself and others, acknowledging the diversity in others' beliefs, desires, and intentions from one's own.

Tease

To make fun of or attempt to provoke in a playful or unkind manner.