1: a post-closing trial balance the profit of the business will be one of the temporary accounts. ? true or false ?

Question 2: Closing the drawings to Capital NOT necessary if profit is greater than owner's drawings during the period. true or False ?

Question : Total debits on post-closing trial balance normally

a. equal the debts on the adjusted trial balance .

b. are greater than the total credits

c. Include expense accounts

d. are greater than the total assets reported on the balance sheet.

Question : A post-closing trial balance contain only

a. asset accounts.

b. balance sheet accounts.

c. owner's capital accounts .

d. Income statement accounts.

Question : Which of the following accounts are not closed

a. drawings accounts

b. revenue accounts

c. expense accounts

d. asset accounts