The post-closing trial balance will contain only nominal accounts.
Correct Answer:
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Q18: Supplies Expense is a temporary account.
Q19: Closing entries deal primarily with the balances
Q20: Depreciation Expense-Buildings is a nominal account.
Q21: The adjusting entries involving Depreciation Expense-Buildings and
Q22: There is sufficient information on a post-closing
Q24: The work sheet is published in the
Q25: The purpose of reversing entries is to
Q26: Reversing entries are made to correct errors
Q27: The work sheet is a type of
Q28: Reversing entries are never required.
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