All accounts that you Credit in a Post Closing Trial Balance are

A Assets

B. Payable Accounts

C. Revenue and Expenses

D. Liabilities and Shareholder's Equity

When doing T-Accounts for Accounts Receivable, what part of the Fundamental Accounting Equation is used?

A. Only Assets

B. Only Liabilities

C. Only Shareholder's Equity

D. Assets and Liabilities

Which of the following is a crucial element to the Post Closing Trial Balance?

A. Positive Net Sales

B. Profitability of the Firm

C. Shareholder's Capital

D. Fundamental Accounting Equation

Which of the following is a crucial element to the Post Closing Trial Balance?

A. Positive Net Sales

B. Profitability of the Firm

C. Shareholder's Capital

D. Fundamental Accounting Equation