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Horngren'S Financial And Managerial Accounting
Found in: Page 201

Short Answer

For each account listed, identify whether the account would appear on the post-closing trial balance. Indicate either yes or no.

16. Dividends


See the step by step solution

Step by Step Solution

Step-by-Step-SolutionStep 1: Explanation on Post Closing Trial Balance

Post closing trial balance is prepared after recording the closing entries. It only reports the permanent account of the business.

Step 2: Explanation on Dividends

Dividends are the part of the profit allocated to the shareholders. It is temporary account, hence it is closed by recording closing entry, and not reported in post closing trial balance.


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