Asked by Amirul Hasan on Jul 15, 2024
Verified
The post-closing trial balance will generally have fewer accounts than the trial balance.
Post-closing Trial Balance
A list of all company accounts that remain after adjusting and closing entries are made, used to ensure debits equal credits.
Trial Balance
A summary listing of the titles and balances of accounts in the ledger.
- Attain knowledge about the post-closing trial balance and its relevance.
Verified Answer
MH
Maddie HadleyJul 16, 2024
Final Answer :
True
Explanation :
The post-closing trial balance only includes permanent accounts, while the trial balance includes both permanent and temporary accounts. Therefore, the post-closing trial balance will generally have fewer accounts.
Learning Objectives
- Attain knowledge about the post-closing trial balance and its relevance.
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