This topic contains a solution. Click here to go to the answer

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

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
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
Answer to Question 1

True

Answer to Question 2

D




Sportsfan2111

  • Member
  • Posts: 585
Reply 2 on: Jul 5, 2018
Wow, this really help


ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

For a complete list of videos, visit our video library