ernestinebell9245 ernestinebell9245
  • 02-10-2017
  • Business
contestada

What is the first account that should be listed in the post-closing trial balance?
a. owner, capital
b. cash
c. fees earned
d. net income?

Respuesta :

Erudite1
Erudite1 Erudite1
  • 12-10-2017
The correct option is B.
The post closing trial balance is the trial balance that shows the balances after the closing entries have been completed and it serves as the starting trial balance for the next financial year. The components of posting trial balance are usually arranged in the order of their liquidity and because of this the cash account always comes first.
Answer Link

Otras preguntas

number that has the same value as 80 tens
Which number is greater than 7.23 and less than 7.55? 7.59;7.17;7.6;7.3
what is 13,952 rounded to
A student was asked to use the formula for the perimeter of a rectangle, P = 2l + 2w, to solve for l. The student came up with an answer, P -2w=2l. What error d
Solve For V 2v + 18 = 16 - 4 ( v + 7 )
Tobacco use can negatively impact a person's health, family, and finances. True or false
When exercising, you should A. work through any pain that you experience. B. plan to take in extra protein. C. avoid wasting time with a warm-up. D. plan to tak
Ginger sent 18 text messages yesterday Jerry sent 4 more than twice as many messages as Ginger sent. Kyle sent 15 fewer messages than Jerry. How many text messa
my number has 2 hundreds the tens digit is 9 more than the ones digit
7.3-n=1.9 n= find what it equals? help me