Which of the following accounts would never appear in the after-closing trial balance?

مندرجہ ذیل میں سے کون سا اکاؤنٹ کبھی بھی بند ہونے والے آزمائشی توازن میں ظاہر نہیں ہوتا ہے؟
Answer: Both A and B
Explanation
  • Income taxes expense is a temporary account closed at the end of the accounting period.
  • Accumulated depreciation is a permanent account and appears in the post-closing trial balance, so it would not be included in this answer.
  • This question appeared in Past Papers (2 times)
    Senior Auditor Past Papers and Syllabus (2 times)
    This question appeared in Subjects (1 times)
    ACCOUNTING (1 times)

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