The post-closing trial balance differs from the adjusted trial balance in that it does not

include income statement accounts
take into account adjusting entries
take into account closing entries
include balance sheet accounts

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Expert Solution

Answer - The post closing trial balance differs from the adjusted trial balance in that it does not include income statement accounts.

After the closing entries are posted, only permanent balance sheet accounts remain open. A post-closing trial balance is prepared to check the accounting accuracy of the closing entries and to verify that the accounting equation is in balance before the next accounting period starts.

ekkarill92 answered 1 year ago

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