The post-closing trial balance differs from the adjusted trial balance in that it:?

Question

does not take into account closing entries

does not take into account adjusting entries

does not include balance sheet accounts

does not include income statement accounts

Answer 1

The post-closing trial balance differs from the adjusted trial balance in that it:?

does not include income statement accounts

After the closing entries are journalized and posted, only permanent, balance sheet accounts remain open. A post-closing trial balance is prepared to check the clerical accuracy of the closing entries and to prove that the accounting equation is in balance before the next accounting period begins.

Answer 2

What is your question dude? Is this multiple choice?



If so the answer is, does not take into account closing entries.

The trial balance includes all accounts, balance sheet and income statement accounts.

The adjusting trial balance does take into account adjusting entries, hence the name adjusted trial balance.