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The withdrawls account is a permanent account
temporary capital accounts
post-close trial balance
closing entries
closing entries
False
compound entry
False
True
A___ ia a journal entry with two or more debits or two or more credits
temporary capital accounts
post-close trial balance
closing entries
closing entries
False
compound entry
False
True
A __ is prepared to prove that debits in the ledger accounts are equal to credits after the closing entries have been posted.
temporary capital accounts
post-close trial balance
closing entries
closing entries
False
compound entry
False
True
The withdrawls account appears in the Income statement section of the worksheet
temporary capital accounts
post-close trial balance
closing entries
closing entries
False
compound entry
False
True
Capital is a permanent account
temporary capital accounts
post-close trial balance
closing entries
closing entries
False
compound entry
False
True
Accounts that start an accounting period with a zero balance are called..
temporary capital accounts
post-close trial balance
closing entries
closing entries
False
compound entry
False
True
___ are made to close out or reduce to zero the balance of certain general ledger accounts.
temporary capital accounts
post-close trial balance
closing entries
closing entries
False
compound entry
False
True
Only ___ and their balances are listed in the post-closing trial balance.
temporary capital accounts
post-close trial balance
closing entries
closing entries
False
compound entry
False
True
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