Which of These Is Not a Purpose of a Post-Closing

question 45

Multiple Choice

Which of these is not a purpose of a post-closing trial balance?

• A) Testing for the equality of debits and credits in the general ledger.
• B) Making sure the ledger is correct as the starting point for the next financial period.
• C) Checking that all the revenue and expense accounts have been closed-off.
• D) Finding out how much profit the entity has made.

---

Definitions:

Class Interval

A range of values in a dataset that is grouped together for the purpose of constructing a frequency distribution or histogram.

Frequency Distribution

A summary of data showing the number (frequency) of observations in each of several non-overlapping categories or bins.

Cumulative Frequency

A count of the number of occurrences that fall within certain class intervals or categories, accumulated from the beginning of a set of data up to each point.

Ogive

A visual representation of a cumulative frequency distribution.