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

The basic unit of structure and function in all living things is the nucleus. atom. cell. organelle.
The law of conservation of momentum states that the total momentum of interacting objects does not____ . This means the total momentum _____ a collision or expl
If the greatest value the variable m can be is less than 9, which of the following inequalities best shows all the possible values of m? m < 9 m > 9 m
Question number 25, a.
Briefly explain how an electric motor works.
Describe what happened to the blood ph when the metabolic rate was increased to 80 kcal/hr. what body system was compensating? how well did the results compare
..... need help ......
An angle measures 56° less than the measure of a complementary angle. What is the measure of each angle?
how did Egypt come to rule Kush,and how did kush later come to rule Egypt
what Is the square root of 100x to the 8th power