Question

Which of the following accounts should appear in a post-closing trial balance? Select one:

A. Service Fees Earned
B. Depreciation Expense
C. Income Summary
D. Accounts Payable

Answer 1

Answer:

B. Depreciation Expense

Explanation:

Depreciation Expense appears in a post-closing trial balance. As we know that "Depreciation expense" is just the outlay of depreciation that is inscribed on the income declaration. In different words, it is the value of an asset's expense that has been earmarked as well as described as an expense for the time (month, year, etc.) presented in the earnings statement's head.