The trial balance prepared after all the closing entries have been posted is called a pre-closing trial balance.
Correct Answer:
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Q31: Closing entries are entered directly on to
Q32: The balance sheet accounts are referred to
Q33: A post-closing trial balance contains only asset
Q34: The post-closing trial balance will generally have
Q35: The drawing account is debited in the
Q37: Journalizing and posting closing entries must be
Q38: Assets, liabilities, and owner's capital are real
Q39: All income statement accounts will be closed
Q40: Accumulated Depreciation is a permanent account.
Q41: The closing process is sometimes referred to
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