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

16. Dividends

Short Answer

Expert verified

No

Step by step solution

01

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.

02

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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