Understanding Double Ruling and the Closing Process: Temporary

Question 8 0 / 1 PtS A double rule applied to accounts in the ledger during the closing process implies that Answered - the accoun a balance sheet account. a mistake has been made, since double ruling is prescribed. the account balance is not zero i Correct Answer / the account is a temporary account. Question 9 1 / 1 PtS The first item listed under current liabilities is usually taxes payable. | ' notes payable. salaries and wages payable. accounts payable. Question 10 1 / 1 PtS A post-closing trial balance should be prepared before adjusting entries are posted to the ledger accounts. before closing entries are posted to the ledger accounts. | - after closing entries are posted to the ledger accounts. only if an error in the accounts is detected.