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

In the city election, the mayor received 0.79 of the votes. What percentage of the votes did the mayor receive ?
The moment of intertia about the​ z-axis of the solid shown on the right with density deltaδequals=1 is upper i subscript z baseline equals startfraction abc le
How to find a limit
What do you think was the effect of the plessy decision on the nation?
1 George holds a magnet above a pile of paper clips. The paper clips move toward the magnet and stick to it before the magnet actually touches it. A magnet is
Help againnnn!!!!!!!
Why is Xenon important?
trip across the country, the Millers drive 60 km a day for 7 days. how many meters will they drive in 7 days?
In 2013, the market price for a 3,000 square foot home in south tampa, florida was $350,000 and 358 new homes were built. in 2014, the market price for a 3,000
Someone please help me