Problemas
Question 12 (1 point) A post-closing trial balance verifies the equality of debits and credits in a general ledger after the closing entries are posted. True OFalse
Roztwór
Jonathan
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Respuesta
True
Explicación
## Step 1A post-closing trial balance is a list of all accounts and their balances after the closing entries have been made. The purpose of this trial balance is to ensure that the total of all debit balances equals the total of all credit balances, which means the books are balanced.## Step 2The statement given in the problem is that a post-closing trial balance verifies the equality of debits and credits in a general ledger after the closing entries are posted. This statement is indeed true.## Step 3The post-closing trial balance is used to verify the accuracy of the closing entries and to ensure that the books are balanced. It is a crucial step in the accounting process as it helps to prevent errors and discrepancies in the financial records.