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Please answer the following in your own words. 1. Whats is posting is and how does it help in the recording process 2. What s

Please answer the following in your own words.

1. Whats is posting is and how does it help in the recording process

2. What s a trial balance and its purpose

3. What are the limitations of a trial balance

4. What is the normal balance for the assets, owners drawings and expenses accounts

5. What is the normal balance for the liabilities, owners capital and revenues accounts

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