Question

Which of the following accounts showing a balance on the post-closing trial balance indicate an error?...

Which of the following accounts showing a balance on the post-closing trial balance indicate an error?

a. Salaries Payable
b. N. Young, Capital.
c. Office Equipment.
d. Depreciation Expense-Office Equipment.
e. Accumulated Depreciation-Office Equipment.

I'm not sure how to solve this. Am I missing something?

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Answer #1

A post closing trial balance shows only permanent accounts which are assets, liabilities and equity accounts. So all other temporary account like revenue, expenses are not showing in post closing trial balance.

In the above question, depreciation expense - office equipment is a expense account which is a temporary account and is not shown in post closing trial balance.

Salaries payable, N young capital, office equipment, Accumulated Depreciation - office equipment accounts balances are shown on post closing trial balance.

Hence, option A, B, C, E accounts balances are shown on post closing trial balance.

SUMMARY:

Option A, B, C, E is shown on post closing trial balance.

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