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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
Section
BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

What is the purpose of a post-closing trial balance?

To determine

 State the purpose of post-closing trial balance.

Explanation

Post-closing trial balance:

The post-closing trial balance is prepared after the temporary accounts of owners’ equity is been closed.

Purpose of post-closing trial balance:

 Post-closing...

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