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The bal . equal to net income or loss for. the period the capital account after all closing entries have been posted is: h the same as the balance of the account on the worksheet c always more than the balance of the account on the worksheet d. the balance that will appear on the balance sheet C.

The bal . equal to net income or loss for. the period the capital account after all closing entries have been posted is: h the same as the balance of the account on the worksheet c always more than the balance of the account on the worksheet d. the balance that will appear on the balance sheet C.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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12 The balance in the capital account after all closing entries have been posted is: equal to net income or loss for the period 3. b. the same as the balance of the account on the worksheet c. always more than the balance of the account on the worksheet d. the balance that will appear on the balance sheet 12. The accounts which appear on a post-closing trial balance are: a. assets, liabilities, withdrawals, and revenues b. revenues, expenses, and capital assets, liabilities, and expenses C. d. assets, liabilities, and capital ld pot apnear on aln):
Transcribed Image Text:12 The balance in the capital account after all closing entries have been posted is: equal to net income or loss for the period 3. b. the same as the balance of the account on the worksheet c. always more than the balance of the account on the worksheet d. the balance that will appear on the balance sheet 12. The accounts which appear on a post-closing trial balance are: a. assets, liabilities, withdrawals, and revenues b. revenues, expenses, and capital assets, liabilities, and expenses C. d. assets, liabilities, and capital ld pot apnear on aln):
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