MANAGEMENT

Detailed explanation-1: -The statement is false as the temporary accounts are not listed in the post-closing balances. All temporary accounts are left with zero balances. However, permanent accounts are listed on post-closing trial balance and thereafter transferred to debit and credit columns in the trial balance.

Detailed explanation-2: -The statement is TRUE. The post-closing trial balance is prepared after the closing entries have been processed, and it is used to open the general ledger for the next financial year.

Detailed explanation-3: -The post-closing trial balance will include only the permanent/real accounts, which are assets, liabilities, and equity. All of the other accounts (temporary/nominal accounts: revenue, expense, dividend) would have been cleared to zero by the closing entries.

Detailed explanation-4: -A post-closing trial balance is a listing of all balance sheet accounts containing non-zero balances at the end of a reporting period. The post-closing trial balance is used to verify that the total of all debit balances equals the total of all credit balances, which should net to zero.