Question

The post-closing trial balance consists only of Group of answer choices Asset and liability accounts. Nominal accounts. Revenue and expense accounts. Permanent accounts.

Answer 1

Answer:

Permanent accounts

Explanation:

The post-closing trial balance consists only of permanent accounts. These permanent accounts are assets, liabilities, and equity. Permanent accounts are not closed when an accounting period ends. Temporary accounts (revenue, expense, dividend) on the other hand is a direct opposite as they are closed or cleared to zero when an accounting period ends.