All closing entries must be posted before preparing the post-closing trial balance.

Name: All closing entries must be posted before preparing the post-closing trial balance.
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Quizplus · Accepted Answer

This is because the purpose of the post-closing trial balance is to ensure that all temporary accounts have been closed and that only permanent accounts remain. Therefore, all closing entries must be posted first before preparing the post-closing trial balance.

All Closing Entries Must Be Posted Before Preparing the Post-Closing