A Post-Closing Trial Balance Reports

question 119

Multiple Choice

A post-closing trial balance reports:

• A) Only asset accounts.
• B) All temporary and permanent ledger accounts with balances.
• C) Only revenue and expense accounts.
• D) All permanent ledger accounts with balances.
• E) All nominal ledger accounts with balances.

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Definitions:

Smooth Running

The operation of a system, process, or machine in a manner that is efficient, without interruptions, and effectively managed.

Medical Office

A facility where medical professionals provide outpatient services, including diagnosis, treatment, and patient care management.

Indefinitely

A term used to describe an action or event that has no specified end time.

Administrative Supplies

Administrative supplies include the essential office items and materials used for administrative tasks, such as filing, scheduling, and documentation.