Answer:
False
Explanation:
Balance sheets relate to balance and expenditure over a period.
Answer:
GIGO stands for garbage in, garbage out
Explanation:
GIGO termed as or stands for garbage in, garbage out, which is defined as if the bad data is provided as an input to a program, then the program will produce the bad data as the output.
In short, it is the input validation procedure, so when the input is given to the program, then it should be inspected before processing.
So, GIGO, it is the concept which states that the quality of the output will be as goods as the quality of input, that is familiar to the professionals of IT.
A list of accounts and balances before adjustments are recorded is known as a(n) Unadjusted trial balance.
What is accounts?
The entry of a transaction in a financial statement is referred to as a “accounts.” The account has been updated to reflect the debit and credit transactions. Assets, liabilities, revenue, equity, and expenses are all types of financial activity.
The unadjusted before trial balance as the adjustment of the record in the accounts. The trial balance as the entry in the double-entry account book, as the indicating the errors of the accounting.
As a result, the unadjusted trial balance, list of accounts and balances before adjustments are recorded.
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