Which of the following accounts would not be shown on the post-closing trial balance?
A) owner's drawing
B) Notes Payable
C) Accumulated Depreciation
D) owner's capital
Correct Answer:
Verified
Q43: The first step in the closing process
Q44: When using the work sheet to prepare
Q47: The fourth step in the closing process
Q51: Which of the following are all permanent
Q54: Which of the following accounts would be
Q56: Boulder Co. uses the accrual basis of
Q56: The _ requires that revenue is recorded
Q60: The entry to close expenses would involve
Q69: Entries required to clear or zero the
Q80: The Income Summary account balance should always
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents