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:

Fixed-Ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses.

Fixed-Interval

A schedule of reinforcement where the first response after a fixed time period is rewarded, in the context of operant conditioning.

Variable-Ratio

A variable-ratio schedule is a type of partial reinforcement schedule used in operant conditioning where a response is rewarded after an unpredictable number of responses, leading to high and steady response rates.

Continuous Reinforcement

Reinforcing the desired response every time it occurs.