A post-closing trial balance contains only asset and liability accounts.
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Q28: The accumulated depreciation account is closed to
Q29: Entries required to close the balances of
Q30: Journalizing and posting the adjustments and closing
Q31: Closing entries are entered directly on to
Q32: The balance sheet accounts are referred to
Q34: The post-closing trial balance will generally have
Q35: The drawing account is debited in the
Q36: The trial balance prepared after all the
Q37: Journalizing and posting closing entries must be
Q38: Assets, liabilities, and owner's capital are real
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