Which of the Following Statements About the Post-Closing Trial Balance

question 82

Multiple Choice

Which of the following statements about the post-closing trial balance is correct?

• A)The post-closing trial balance will be distributed to investors and other stakeholders along with the financial statements.
• B)The post-closing trial balance is an internal report prepared at the end of the accounting cycle.
• C)The post-closing trial balance is a report prepared before the adjustments and the financial statements to prove that debits equal credits.
• D)The post-closing trial balance proves that all entries have been made correctly and accurately during the accounting period.

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Definitions:

Ideal Self

A person's conception of how they would like to be, often serving as a motivation for self-improvement.

Real Self

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Carl Rogers

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Empathetic Therapist

A mental health professional who possesses the ability to understand and share the feelings of their clients.