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Which of the Following Statements About the Post-Closing Trial Balance

Question 219

Multiple Choice

Which of the following statements about the post-closing trial balance is correct?


A) The post-closing trial balance will be distributed to investors and other stakeholders along with the financial statements.
B) The post-closing trial balance is an internal report prepared at the end of the accounting cycle.
C) The post-closing trial balance is a report prepared before the adjustments and the financial statements to prove that debits equal credits.
D) The post-closing trial balance proves that all entries have been made correctly and accurately during the accounting period.

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