Question
1) Can explain why the profit earned by a company does not equal the change in cash balances in the statement of financial position. 2)
1) Can explain why the profit earned by a company does not equal the change in cash balances in the statement of financial position.
2) Does it mean as long as the debit side and credit side in the trial balance are equal, the statements are accurate?
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
