If the Totals of the Post-Closing Trial Balance Are Not

question 87

True/False

If the totals of the post-closing trial balance are not equal, the first step in tracking down the error is to verify postings to the ledger.

---

Definitions:

Paralegals

Trained legal assistants who perform various legal tasks and support lawyers in their work, but are not licensed attorneys themselves.

Bankruptcy Law

The body of law that governs bankruptcy and the process of resolving debts among creditors and debtors where the debtor is unable or unwilling to pay.

Work Time

The period for which an employee is legally compensated for performing duties associated with their employment.

Reorganization Plan

A document outlining the proposed restructuring of a company's operations, finances, or structure during bankruptcy proceedings.