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The Post-Closing Trial Balance

Question 69

Multiple Choice

The post-closing trial balance


A) Consists of statement of financial position accounts only.
B) Will balance if a transaction is not journalized and posted, or if a transaction is journalized and posted twice.
C) Shows that the accounting equation is in balance at the end of the accounting period.
D) All of the choices are correct regarding the post-closing trial balance.

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