Question

A trial balance prepared after the closing entries have been journalized and posted is the ____(A) Unadjusted trial balance.(B) Post-closing trial balance.(C) General ledger.(D) Adjusted trial balance.(E) Work sheet.

Answer 1

Answer:

(B) Post-closing trial balance

Explanation:

after the closing entries, the temporary accounts are closed. It will only disclosure the permanent accounts, which are the assets, liabilities and equity of the business.

The unadjusted TB will be before adjusting entries and closing entries.

The adjusted TB will be before the closing entries, it wil include both, temporary and permanent accounts

The worksheet is an auxiliary paper to create the financial statements.

The general ledger compiles each account balance and transaction related to each account to determiante  this balance.