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Which of the Following Accounts Will Appear on the Post-Closing

question 19

Multiple Choice

Which of the following accounts will appear on the post-closing trial balance?


Definitions:

Income

Money received, especially on a regular basis, for work, through investments, or from benefits, that may be subject to taxes.

Services

Economic activities that result in intangible benefits or outputs, such as consulting, banking, or repair work.

Property

Assets owned by a person or a company, encompassing both physical objects and intellectual property.

Life Insurance Proceeds

The money paid to the beneficiaries of a life insurance policy when the insured person passes away.

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