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After All Closing Entries Are Made and Posted, the Balance

Question 8

Multiple Choice

After all closing entries are made and posted, the balance in the owners' capital accountin the ledger will be equal to:


A) Zero.
B) The beginning balance in owners' capital in the statement of changes in equity.
C) The balance of owners' capital on the post-closing trial balance.
D) The balance of owners' capital on the pre-closing trial balance.
E) Profit or loss for the year.

Correct Answer:

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