A List of the Accounts and Their Balances at the End

question 120

Multiple Choice

A list of the accounts and their balances at the end of the period,after journalizing and posting the closing entries,is called ________.

• A) chart of accounts
• B) adjusted trial balance
• C) post-closing trial balance
• D) pre-closing balance sheet

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Definitions:

Negotiator

A negotiator is someone who is involved in discussions aimed at reaching an agreement or resolving a dispute, possessing skills in communication, persuasion, and strategy.

Trust

A firm belief in the reliability, truth, ability, or strength of someone or something.

Enlightened Self-Interest

A philosophy where individuals act in ways that benefit others because they understand that these actions are ultimately in their own best interest.

Block

To obstruct or prevent action or progress in a negotiation or any process.