The Main Reason for Preparing a Post-Closing Trial Balance Is

question 54

Multiple Choice

The main reason for preparing a post-closing trial balance is to:

• A) determine if any closing entries have been missed.
• B) determine if any adjusting entries have been missed.
• C) confirm that the ledger is in balance at the start of the new accounting period.
• D) prepare the financial reports.

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Definitions:

Time Outs

A disciplinary technique used to remove an individual from an environment for a period of time as a consequence for unacceptable behavior, with the goal of decreasing that behavior.

Behavior Modification

The use of empirically demonstrated behavior change techniques to improve behavior, such as altering an individual's behaviors and reactions to stimuli.

Culturally Sensitive Therapy

An approach to therapy in which knowledge of clients’ cultural backgrounds guides the choice of therapeutic interventions.

Psychotherapy

A therapeutic treatment involving psychological techniques to help individuals understand and overcome psychological and emotional issues.