Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Select all that apply
Select the statements below that describe the purpose of a post-closing trial balance.
One purpose is to verify that total debits equal total credits for all temporary accounts.
One purpose is to confirm that if debits equal credits then no errors in journalizing and
positing occurred during the period.
One purpose is to verify that all permanent accounts have zero balances.
One purpose is to verify that all temporary accounts have zero balances.
One purpose is to verify that total debits equal total credit for permanent accounts.

Sagot :

GinnyAnswer

Final answer:

The post-closing trial balance aims to verify total debits equal total credits for temporary accounts, confirm error-free journalizing and posting, and ensure zero balances for permanent accounts.


Explanation:

The purpose of a post-closing trial balance is to:

  1. Verify that total debits equal total credits for all temporary accounts.
  2. Confirm that if debits equal credits then no errors in journalizing and posting occurred during the period.
  3. Verify that all permanent accounts have zero balances.

Learn more about Post-Closing Trial Balance here:

https://brainly.com/question/14562385


We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.