All of the following are true about the post$-$closing trial balance, except:

a$.$ It is prepared before the closing process.

b$.$ It is prepared after posting the closing entries to prove the equality of the debit and credit balances in

the general ledger accounts.

c$.$ Only permanent accounts are listed in the post$-$closing Trial Balance.

d$.$ The owner's capital balance listed on the post$-$closing Trial Balance was updated to reflect revenues,

expenses, and drawing for the accounting period.