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Answer the following as true or false, then select the correct corresponding multiple- choice answer. ___________ The normal balance of all liability accounts is a
Answer the following as true or false, then select the correct corresponding multiple- choice answer.
___________ The normal balance of all liability accounts is a credit.
___________ The accounting equation stays in balance after each transaction is recorded.
___________ If debits equal credits in a trial balance, that is proof that no recording errors have been made.
A.) T, T, T | ||
B.) T, T, F | ||
C.) F, T, F | ||
D.) T, F, F | ||
E.) F, F, F |
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