Saturday, October 10, 2020

Which of the following accounts is(are) listed in a post-closing trial balance?

Which of the following accounts is(are) listed in a post-closing trial balance?


A) Prepaid Rent.

B) Accounts Payable.

C) Salaries Expense.

D) Two of these three accounts would be included in a post-closing trial balance.


Answer: D

No comments:

Post a Comment

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio?

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio? A) Increase ...