The final step in the accounting cycle is the pre-closing trial balance.
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Q2: The accounting cycle begins at the start
Q3: Closing revenue and expense accounts to the
Q10: Closing entries are journalized after adjusting entries
Q12: The owner's drawings account is closed to
Q14: Both correcting entries and adjusting entries always
Q16: After the closing entries are posted to
Q18: Closing the drawings account to Capital is
Q19: Closing entries are necessary if the business
Q20: Correcting entries are made any time an
Q20: In a post closing trial balance the
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