A Trial Balance Prepared After the Closing Entries Have Been

question 154

Multiple Choice

A trial balance prepared after the closing entries have been journalized and posted is the:

• A) Unadjusted trial balance.
• B) Post-closing trial balance.
• C) General ledger.
• D) Adjusted trial balance.
• E) Work sheet.

Comprehend the principles of web security and access control.

Recognize various types of software licensing and copyright laws.

Understand the importance of proper software maintenance, including updates, patches, and upgrades.

Grasp the role of software and apps in improving personal and business processes.

---

Definitions:

Management Report

A document that provides managers with information necessary to make decisions, including financial and operational data.

Accounting Period

A specific time span for which financial statements are prepared, commonly a quarter or a year.

Dividends Account

An account used in bookkeeping to track dividends declared by a company to be paid out to its shareholders.

Retained Earnings

The portion of net profits not distributed as dividends to shareholders but retained by the company for reinvestment or to pay off debt.