Assets are listed on the balance paper in the bespeak of theirA. Acquisition dateB. AdjustmentsC. LiquidityD. Balance


You are watching: Which of the following accounts may appear on a post-closing trial balance?

Which the the complying with accounts would be had in the property, plant, and also equipment group of the classified balance sheet?A. Land held for investment B. Gathered DepreciationC. Office SuppliesD. Mortgage Payable
Which case indicates a net loss within the income Statement section of the worksheet?A. Full credits exceed total debitsB. Full debits exceed complete creditsC. Full debits equal complete creditsD. No one of the above
Which of the following accounts is no closed?A. Depreciation ExpenseB. DividendsC. Service RevenueD. Built up Depreciation
What execute closing entries accomplish?A. Zero the end the revenues, expenses, and also dividendsB. Transport revenues, expenses, and also dividends come the Retained income accountC. Bring the Retained earnings account to its correct finishing balanceD. Every one of the above
Which the the adhering to is not a closeup of the door entry?A. Retained earnings xxx dividends xxxB. Company Revenue xxx Income review xxxC. Incomes Payable xxx Income an introduction xxxD. Income summary xxx rent xxx
Which of the adhering to accounts may show up on a post-closing attempt balance?A. Cash, salaries Payable, and Retained EarningsB. Cash, earnings Payable, and Service RevenueC. Cash, organization Revenue, and also Salaries ExpenseD. Cash, earnings Payable, and Salaries Expense
Which of the following steps that the accountancy cycle is no completed in ~ the end of the period?A. Journalize transactions together they occurB. Journalize and also post the closeup of the door entriesC. Prepare the post-closing trial balanceD. Prepare the gaue won statements
clean water softener systems has cash that $600, account receivable the $900, and also office provides of $400. Clean owes $500 on accounts payable and salaries payable of $200. Cleans current ratio isA. 2.71B. 2.50C. 0.63D. 0.37
Which the the complying with statements concerning reversing entries is true?A. Reversing entries are required by generally Accepted bookkeeping PrinciplesB. Reversing entries room most frequently used with accrual-type adjustmentsC. Reversing entries room dated December 31, the finish of the budget yearD. Reversing entries space recorded before adjusting entries
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