Author Question: A post-closing trial balance is used to prove the equality of debit and credit balances in the ... (Read 145 times)

Sportsfan2111 · **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