Which of the following statements regarding a post-closing trial balance is false?
A) Post-closing trial balances only contain permanent accounts.
B) Balances in a post-closing trial balance cannot be used to calculate current income.
C) Post-closing trial balances only contain temporary accounts.
D) A post-closing trial balance verifies that the total of the debit balances equals the total of the credit balances of all permanent accounts in the general ledger.
C
Business
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