Question: Multiple Select Question Select all that apply In preparing a post - closing trial balance, which of the following statements are correct? ( Check all
Multiple Select Question
Select all that apply
In preparing a postclosing trial balance, which of the following statements are correct? Check all that apply.
All permanent accounts with a balance in the general ledger will be included.
All temporary accounts with a balance in the general ledger will be included.
The capital account on the postclosing trial balance will include the net income or net loss for the period.
The total of all debit balances will equal the total of all credit balances.
All revenues and all expenses will be included.
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