A Post-Closing Trial Balance Is Used to Prove the Equality

question 23

True/False

A post-closing trial balance is used to prove the equality of debit and credit balances in the general ledger accounts after the closing entries have been posted.

---

Definitions:

Machine Hours

A measure of the amount of time a machine is operated in the production of goods.

Allocation Base

A criterion or standard used to distribute overhead costs among various products, services, or departments within a business.

Departmental Overhead Rate

The rate at which indirect costs are allocated to products or services based on department-specific activities.

Direct Labor Hours

The total hours worked by employees that can be directly attributed to the production of goods or services.