The trial balance is a listing of all the accounts and their balances in the order the accounts appear on the statement of financial position.
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Q11: Real (permanent) accounts are revenue, expense, and
Q12: On the income statement, revenues are increased
Q13: The trial balance will not balance when
Q14: Both a corporation and a proprietorship commonly
Q15: Basic steps in the recording process include
Q18: The rules for debit and credit and
Q19: The first step in the accounting cycle
Q20: The trial balance uncovers any errors in
Q21: An adjusted trial balance that shows equal
Q22: The accrual basis recognizes revenue when earned
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