QUESTION 11 It is obvious that an error occurred in the preparation and/or posting of closing entries if O only permanent accounts appear on the post-closing trial balance O the owner's capital account is debited for the amount of the net loss for the period. O the income summary account is debited for the amount of net income for the period. o all balance sheet accounts have zero balances. o all revenue and expense accounts have zero balances. QUESTION 12 Accumulated depreciation is shown on the balance sheet as a subtraction from the cost of its related asset. O True e False