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Match the terms in Column I with the descriptions in Column II. post-closing trial balance income summary collecting and verifying source documents the basic accounting

Match the terms in Column I with the descriptions in Column II.

  1. post-closing trial balance
  2. income summary
  3. collecting and verifying source documents
  4. the basic accounting cycle
  5. transferring from a journal to ledger

A. zero balance

B. posting

C. last step in the accounting cycle

D. first step in the accounting cycle

E. the same for all businesses

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