A Post-Closing Trial Balance Contains Only Asset and Liability Accounts

question 172

True/False

A post-closing trial balance contains only asset and liability accounts.

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Definitions:

Dendrite

The branched extensions of a neuron that receive signals from other neurons and transmit them toward the cell body.

Axon

An extended, thin part of a neuron responsible for carrying electrical impulses outward from the neuron's main cell body.

Cell Body

The central part of a neuron containing the nucleus and responsible for maintaining the life of the cell.

Hippocampus

A major component of the human brain involved in memory formation and spatial navigation, located in the medial temporal lobe.