The trial balance will not balance when incorrect account titles are used in journalizing or posting.
Correct Answer:
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Q17: Each transaction must be analyzed in terms
Q18: A simple journal entry requires only one
Q19: Under the double-entry system revenues must always
Q20: If a revenue account is credited the
Q21: After a transaction has been posted the
Q23: Which one of the following is not
Q24: The left side of an account is
A)
Q25: The normal balance of an expense is
Q26: The journal provides a chronological record of
Q27: The chart of accounts is a special
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