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

question 239

Multiple Choice

All of the following statements about the post-closing trial balance are correct except it

• A) shows that the accounting equation is in balance.
• B) provides evidence that the journalizing and posting of closing entries have been properly completed.
• C) contains only permanent accounts.
• D) proves that all transactions have been recorded.

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Definitions:

Platelets

Small cell fragments in the blood that are crucial for blood clotting and wound healing, preventing excessive bleeding.

Thrombin

An enzyme in the blood that facilitates the conversion of fibrinogen to fibrin, playing a critical role in the clotting process.

White Blood Cells

Cells of the immune system involved in protecting the body against both infectious disease and foreign invaders by responding to pathogens and initiating immune responses.

Vein

(1) A blood vessel that carries blood from the tissues toward a chamber of the heart (compare with artery). (2) A strand of vascular tissue that is part of the network of conducting tissue in a leaf; also called a vascular bundle.