1. A trial balance:

proves that all transactions have been recorded.

will balance when a transaction is not journalized.

will not balance if a correct journal entry is posted twice.

proves that transactions are recorded correctly.

2.

Accrual accounting:

Shows only paid expenses

Follows GAAP

Shows all of revenues when cash is received

Shows cash amount only

3.

Which of the following is not categorized as Property, Plant, and Equipment?

Factory building owned by a garment manufacturing company currently being used to produce garments

Land currently being used in operating activities

Land not currently being used in operating activities

All of the options fall under Property, Plant, and Equipment