Identify which accounts would appear in a post-closing trial balance: Multiple select question. purchases drawing cash accounts payable owner's capital rent expense

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09-12-2021
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Identify which accounts would appear in a post-closing trial balance: Multiple select question. purchases drawing cash accounts payable owner's capital rent expense

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Martebi Martebi · Answer 1 · 2021-12-14T13:31:58+01:00

There are different types of account. The accounts would appear in a post-closing trial balance are owner's capital and cash account.

The post-closing trial balance will show only asset, liability, and stockholders' equity accounts and stockholders' equity accounts.

Post-closing trial balance is simply known to be a listing of all balance sheet accounts containing non-zero balances. It is usually done at the end of a reporting period.

It is often used to verify that the total of all debit balances when equals the total of all credit balances. This should net to zero.

The post-closing trial balance is known to contains only the permanent/real accounts, which are assets, liabilities, and equity.

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