{"id":209595,"date":"2025-04-29T08:06:45","date_gmt":"2025-04-29T08:06:45","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=209595"},"modified":"2025-04-29T08:06:47","modified_gmt":"2025-04-29T08:06:47","slug":"a-trial-balance-prepared-after-the-closing-entries-have-been-posted-would-show-a-zero-balance-in-which-one-of-the-following-accounts","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/04\/29\/a-trial-balance-prepared-after-the-closing-entries-have-been-posted-would-show-a-zero-balance-in-which-one-of-the-following-accounts\/","title":{"rendered":"A trial balance prepared after the closing entries have been posted would show a zero balance in which one of the following accounts"},"content":{"rendered":"\n

A trial balance prepared after the closing entries have been posted would show a zero balance in which one of the following accounts? <\/p>\n\n\n\n

A. Inventory <\/p>\n\n\n\n

B. Accounts receivable <\/p>\n\n\n\n

C. Accumulated depreciation <\/p>\n\n\n\n

D. Income tax expense<\/p>\n\n\n\n

The correct answer and explanation is :<\/strong><\/mark><\/p>\n\n\n\n

Correct Answer: D. Income tax expense<\/strong><\/p>\n\n\n\n

\n\n\n\n

Explanation:<\/strong><\/p>\n\n\n\n

A trial balance<\/strong> is a listing of all the accounts in the general ledger along with their balances at a given point in time. It is typically prepared at multiple stages in the accounting cycle\u2014before and after<\/strong> closing entries are made.<\/p>\n\n\n\n

Closing entries<\/strong> are journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts. Temporary accounts include:<\/p>\n\n\n\n