A trial balance: a. lists all accounts and their balances. b. lists only revenue and expense accounts.

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A trial balance:

a. lists all accounts and their balances.

b. lists only revenue and expense accounts.

c. will help detect omitted journal entries.

d. detects all errors that could be made during the journalizing or posting steps of the accounting cycle.

Cornerstone Exercises Cornerstone Exercise

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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