Which of the Following Statements Is Correct

question 70

Multiple Choice

Which of the following statements is correct?

• A) The Balance Sheet section of the worksheet contains the data that is used to make closing entries.
• B) The balance of the owner's drawing account will appear on the post-closing trial balance.
• C) Closing entries are entered directly on the worksheet.
• D) Preparation of the post-closing trial balance is the last step in the end-of-period routine.

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Definitions:

Scaly

Covered with scales or flaky skin, often indicating a skin condition.

Itching Rashes

Skin eruptions that are characterized by redness, itchiness, and sometimes swelling.

Sudoriferous Glands

Glands that produce sweat, involved in body temperature regulation and waste excretion.

Oil-Secreting

Pertaining to glands that produce and release oil for lubrication of skin or hair.