The correct answer is ✅ Salaries Expense.
Revenue, expense, and dividend accounts do not appear on the post-closing trial balance because they have been closed to retained earnings.
In a post-closing trial balance, all the real accounts are shown. Temporary accounts are no longer seen because their balances are already transferred to Retained earnings. Thus, Salaries expense is not included in a post-closing trial balance because it is a temporary account. The correct answer is C.
The account that would not appear on a post-closing trial balance is Service Revenue. This is because Service Revenue is a temporary account, and all temporary accounts (revenues, expenses, and dividends) are closed at the end of each accounting period.
Dividends. Dividends are closed to Retained Earnings, so it would not appear on the post-closing trial balance.
It is the third (and last) trial balance prepared in the accounting cycle. Since temporary accounts are already closed at this point, the post-closing trial balance will not include income, expense, and withdrawal accounts. It will only include balance sheet accounts, a.k.a. real or permanent accounts.
Only permanent accounts—assets, liabilities, and equity—are included in the post-closing trial balance. Which accounts are excluded from the post-closing trial balance? Temporary accounts such as revenues, expenses, and dividends are excluded because their balances have been closed to retained earnings.
Dividends does not appear in the post-closing trial balance. Thus, choice D is the correct answer.
The post-closing trial balance is prepared after closing entries are made. It only includes real accounts which are assets, liabilities, and equity accounts. Revenue accounts, expense accounts, and dividends account are already closed to retained earnings. Based on the choices, only choice a contains all real accounts.
Every debit must have a corresponding credit: This is the foundation of double-entry bookkeeping. If total debits and credits don't match, it signals an error. Only accounts with balances appear: Accounts with a zero balance are typically excluded from the trial balance.
Permanent accounts, also known as real accounts, do not require closing entries. These include asset, liability, and equity accounts. Examples are cash, accounts receivable, accounts payable, and retained earnings. These accounts carry their ending balances into the next accounting period and are not reset to zero.
Conclude that Service Revenue will NOT appear on the post-closing trial balance because it is a temporary account that has been closed to Retained Earnings.
Only permanent account balances should appear on the post-closing trial balance.
The post-closing report does not include income or expense accounts since they reset to zero at the end of the period. This trial balance only shows balances that carry forward into the next cycle, such as assets, liabilities, and equity.
Answer and Explanation:
The post-closing trial balance includes the permanent account balances, termed as equity, liability, and asset. Other account balances such as revenue, expenses, and other balances would become zero at the end of the period.
A post-closing trial balance is the listing of all adjusted balances from the balance sheets; assets, liabilities, and equity. The order of accounts listed in the post-closing trial balance starts with the adjusted value of assets, liabilities, and equity.
Conclude that the account NOT listed in a post-closing trial balance is 'Service Revenue' because it is a temporary account that has been closed.
Conclude that 'Cash' is typically listed first in the post-closing trial balance, as it is the first asset account in the chart of accounts and remains open after closing entries.
Answer & Explanation
Service Revenue is a temporary account and is closed to Retained Earnings. Therefore, it does not appear in the post-closing trial balance.
Among the options, Fees Earned is the only temporary account that will not appear on the post-closing trial balance because it was closed prior to the preparation of the report. Fees Earned is a revenue account closed to the Income Summary account.
When dividends have a balance on the post-closing trial balance, this indicates an error because temporary accounts, like dividends, should be zeroed out, eliminated, and closed directly on the retained earnings account. Dividends account should not be found in the post-closing trial balance.
Temporary Accounts Excluded
Revenue, expense, and dividend accounts do not appear on the post-closing trial balance because they have been closed to retained earnings.
Explanation: Only permanent (real) accounts remain after closing entries; nominal accounts have zero balances.
Explanation: cash-book itself is not typically considered a part of the final accounts directly.
Answer and Explanation: The post-closing trial balance will not show the expenses and revenue accounts as they are closed by transferring the values to the income summary account, further which is transferred to retained earnings which is part of capital.