Post-closing trial balance contains nominal accounts Select one True False Post-closing Trial Balance is a tool to determine if the ledger accounts are in balance before the start of the new accounting period Select one True False Net loss is closed to capital by debiting Income Summary and crediting capital account Select one True False It involves routine performances of the different phases of accounting for a given period of time. Select one a. Worksheet O b. Posting the journal entries to the ledger c. Closing entries d. Accounting cycle