Which of the Following Accounts Would Not Be on the Post-

question 160

Multiple Choice

Which of the following accounts would not be on the post- closing trial balance?

• A)Accounts Payable
• B)Accounts Receivable
• C)Common Stock
• D)Dividends
• E)Retained Earnings

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Definitions:

Tips

Discretionary payments given to service providers by customers, typically as a gesture of thanks for good service.

Statute of Frauds

A legal principle that requires certain types of contracts to be written and signed to be enforceable.

Fixed Duration

A term or period of time that is set and unchangeable, often found in contracts or agreements specifying the length of commitment.

Employment Contract

A legally binding agreement between an employer and an employee that outlines the terms and conditions of employment.