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Lemur [1.5K]
3 years ago
9

A trial balance:_____.

Business
1 answer:
kakasveta [241]3 years ago
8 0

Answer:

d. All of these answer choices are correct.

Explanation:

There are two sections namely debit sections and credit sections. The total of debit and credit sections is always be matched and equaled

The debit sections reports assets and expenses side

whereas, the credit sections reports revenue, stockholder equity, and the liability side.  

Moreover, the balances are used to prepare the financial statement i.e income statement, balance sheet, etc

The trail balance is prepared three times i.e non adjusted, adjusted and the post-closing trail balance

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If the economy is initially at long-run equilibrium and aggregate demand declines, then in the long run the price level
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(D) is the same and output is lower than in the original long-run equilibrium.

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A bank charges a commercial borrower a 6.55 percent interest rate on a one-year loan. The bank also charges a 0.5 percent origin
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What are six advantages of teen entrepreneurs?
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