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Business, 23.06.2021 01:40 jasonlawrencejr6844

All of the following are true about the post-closing trial balance, except: a. It is prepared after posting the closing entries to prove the equality of the debit and credit balances in the general ledger accounts. b. Only permanent accounts are listed in the post-closing Trial Balance. c. The owner's capital balance listed on the post-closing Trial Balance was updated to reflect revenues, expenses, and drawing for the accounting period. d. It is prepared before the closing process.

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