The Purpose of the Post-Closing Trial Balance Is to

question 132

Multiple Choice

The purpose of the post-closing trial balance is to

• A)prove that no mistakes were made.
• B)prove the equality of the balance sheet account balances that are carried forward into the next accounting period.
• C)prove the equality of the income statement account balances that are carried forward into the next accounting period.
• D)list all the balance sheet accounts in alphabetical order for easy reference.

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Definitions:

Replication

The process of repeating a study or experiment to verify its findings and ensure the reliability of the results.

Usefulness

The degree to which something serves its intended purpose or solves a problem effectively.

Research Design

The framework or plan for a study that outlines how data will be collected, analyzed, and interpreted.

Resources

The materials, tools, financial assets, or other types of support available to individuals or organizations for achieving objectives or completing tasks.