Question

Which of the following accounts will appear on the post-closing trial balance?

a. Capital
b. Depreciation Expense
c. Sales
d. Payroll Tax Expense

Answer 1

Capital and Sales accounts will appear on the post-closing trial balance.

Step-by-step explanation:

On the post-closing trial balance, only the permanent accounts are included. Permanent accounts are those that are not closed at the end of each accounting period, such as capital, sales, and depreciation expense. The post-closing trial balance is prepared after the closing entries have been made to transfer the balances of temporary accounts to the retained earnings account.

In this case, the accounts that will appear on the post-closing trial balance are:

1. a. Capital: Capital represents the owner's equity in the business and is a permanent account.
2. c. Sales: Sales represents the revenue generated from selling goods or services and is a permanent account.

Therefore, the correct answer is a. Capital and c. Sales.