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Select the statement below that describes a post-closing trial balance. Multiple choice question.
A. It is a listing of all permanent accounts and their balances after closing.
B. It is a listing of all temporary accounts and their balances after closing.
C. It is a financial statement that describes all revenue and expense accounts after closing,
D. It is a listing of all permanent accounts and their balances immediately after the adjusting process.

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The post closing trial balance is A. a listing of all permanent accounts and their balances after closing.

What is the post closing trial balance?

  • It shows the balances of permanent accounts (balance sheet items) at the closing of the reporting period.
  • Helps compare debits to credits.

The post closing balance sheet allows a company to balance its accounts by comparing the balances on the debit side with the credit side. Adjustments can then be made.

In conclusion, option A is correct.

Find out more on the post closing trial balance at https://brainly.com/question/24914390.

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