This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A post-closing trial balance is used to prove the equality of debit and credit balances in the ... (Read 158 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
on: Jul 5, 2018
A post-closing trial balance is used to prove the equality of debit and credit balances in the general ledger accounts after the closing entries have been posted.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

A general ledger provides a ________.
 
  A) list of accounts and their debit or credit balances after the temporary accounts have been closed
  B) chronological record of transactions
  C) list of financial statement line items and their debit or credit balances that is prepared before recording adjusting entries
  D) record of increases and decreases to each account


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Melissahxx

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

D


Sportsfan2111

  • Member
  • Posts: 585
Reply 2 on: Jul 5, 2018
Excellent

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Post-translational sorting of a protein to the mitochondrial matrix Post-translational sorting of a protein to the mitochondrial matrix
The Scopes Trial: William Jennings Bryan (right) represented the state of Tennessee, and Clarence Da The Scopes Trial: William Jennings Bryan (right) represented the state of Tennessee, and Clarence Da
Membership in this subculture is not easily awarded. Not only must high-steel ironworkers prove that ... Membership in this subculture is not easily awarded. Not only must high-steel ironworkers prove that ...
Performance of a delayed nonmatching-to-sample trial. Performance of a delayed nonmatching-to-sample trial.
Fluid Balance Fluid Balance
Prove the following identity: Prove the following identity:
Video: Inflammation

For a complete list of videos, visit our video library