In a trial balance,
A) all accounts contained in the chart of accounts are listed.
B) all accounts that appear in the asset section of the balance sheet are listed as debits.
C) only permanent accounts are shown.
D) contra-asset accounts will appear in the credit column.
E) Both a and d are correct.
Correct Answer:
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Q34: Dividends cause
A) expenses to increase.
B) net income
Q35: The primary purpose of a trial balance
Q37: Entries prepared to ensure that revenues and
Q38: The prepayment of an expense item is
Q39: An amount received by a business for
Q40: A company records interest that it owes,
Q41: A company records interest that it is
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