Question

The trial balance prepared after all closing entries have been journalized and posted is called the?

Answer 1

The trial balance prepared after all closing entries have been journalized and posted is called the Post-closing trial balance

A balance sheet or an income statement are frequently mistaken for a trial balance. Trial Balance is an internal report that is created at the conclusion of each accounting period, typically in the form of a spreadsheet. A trial balance is primarily used to check the accuracy of the general ledger's list of credit and debit entries.

A trial balance is an essential tool for company. When utilized properly, it can result in the identification of accounting problems, the evaluation of earnings, and support for a company's internal auditing procedure. All of the accounts in a general ledger are listed in a trial balance.

To know more about trial balance

brainly.com/question/13186909

#SPJ4