The Major Purpose of a Post-Closing Trial Balance Is To

question 27

Multiple Choice

The major purpose of a post-closing trial balance is to:

• A)Verify the worksheet calculations
• B)Determine if any adjusting entries have been omitted
• C)Test for equality of debits and credits in the general ledger to ensure the opening position is correct for the next period
• D)Make sure that all post-closing account balances are equal to the pre-closing account balances

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Definitions:

Claims

Statements or assertions that something is the case, typically without providing evidence or proof.

Explanations

Statements or accounts that make something clear by describing it in detail.

Purposes

The reasons for which something is done or created or for which something exists.

Sufficient Evidence

Adequate information or proof required to support a claim or conclusion.