A Post-Closing Trial Balance Reports

question 61

Multiple Choice

A post-closing trial balance reports:

• A) All ledger accounts with balances, none of which can be temporary accounts.
• B) All ledger accounts with balances, none of which can be permanent accounts.
• C) All ledger accounts with balances, which include some temporary and some permanent accounts.
• D) Only revenue and expense accounts.
• E) Only asset accounts.

---

Definitions:

Random Sample

A subset of a statistical population in which each member has an equal chance of being chosen for analysis or observation.

University Committee

A group of faculty members and sometimes students who come together to make decisions or manage certain aspects of university governance.

Standard Deviation

Standard Deviation is a statistic that measures the dispersion of a dataset relative to its mean, indicating how spread out the data points are.

Probability

A measure of the likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.