Which of the Following Accounts Showing a Balance on the Post-Closing

question 76

Multiple Choice

Which of the following accounts showing a balance on the post-closing trial balance indicate an error?

• A)Land.
• B)Dividends.
• C)Accounts Payable.
• D)Unearned Revenue.
• E)Prepaid Insurance.

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Definitions:

Preapproach

The planning and preparation process before direct contact with a potential customer, including gathering information and setting objectives for the sales call or meeting.

Team Selling

A sales approach where a group of salespeople work together to sell products or services to customers.

Supply Chain Personnel

Employees involved in managing the flow of goods, services, and information from the supplier to the customer.

Major Retailers

Large and influential retail businesses that operate on a national or international scale, typically dominating market sectors or industries.