Probably the Last Account to Be Listed on a Post-Closing

question 171

Multiple Choice

Probably the last account to be listed on a post-closing trial balance would be

• A) Income Summary.
• B) Retained Earnings.
• C) Wages Expense.
• D) Wages Payable.

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Definitions:

Correct Equipment

Appropriate or suitable tools, devices, or instruments required for a specific task or operation to be performed efficiently.

Johari Window

A model that describes the relationship between self-disclosure and self-awareness, used to improve understanding between individuals within a group.

Provide Disclosure

Refers to the act of making information available to the public or revealing facts that were previously private or unknown.

Hidden Area

Information about oneself that is not known to oneself but is known to others, often revealed through feedback.