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1) If the Balance Sheet columns do not balance, the error is most likely to exist in which of the following? Choose one. Last six
1) If the Balance Sheet columns do not balance, the error is most likely to exist in which of the following? Choose one.
Last six columns of the worksheet. General Ledger. First six columns of the worksheet. General journal.
2) True or False. At the end of an accounting period, Revenue accounts are closed by debiting them and crediting the Income Summary account, while expense accounts are closed by crediting them and debiting the Income Summary account.
Can you explain the answers.
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