The Purpose of the Post-Closing Trial Balance Is to

question 66

Multiple Choice

The purpose of the post-closing trial balance is to

• A)prove the equality of the permanent account balances that are carried forward into the next accounting period.
• B)prove the equality of the temporary account balances that are carried forward into the next accounting period.
• C)list all the statement of financial position accounts in alphabetical order for easy reference.
• D)prove that no mistakes were made.

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Definitions:

Shaping

A method of training by which successive approximations towards a desired behavior are reinforced.

Discrimination

Unfair treatment of individuals based on their race, gender, age, or other characteristics rather than their merits.

Flooding

Confronting your worst fear head-on, all at once.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a pause, without new learning sessions.