The post-closing trial balance does not include any revenues, expenses, or dividends, because these accounts are permanent accounts. True or false?.

Respuesta :

The post-closing trial balance does not include any revenues, expenses, or dividends, because these accounts are permanent accounts. so the correct answer is False.

What is a permanent accounts?

Permanent accounts are ones that consistently have a positive balance throughout time. The asset, liability, and equity accounts—all of which are combined into the balance sheet—are regarded as permanent accounts. The asset, liability, and net asset accounts are what constitute a nonprofit entity's permanent accounts. Auditors pay close attention to permanent accounts because they may include transactions that should be attributed to revenue or cost and removed from the balance sheet. There need not always be money in a permanent account. A permanent account may have a zero balance if no transactions are ever noted involving it, the balance has been wiped out, or both.

Learn more about Permanent accounts here:

https://brainly.com/question/26447990

#SPJ4