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Please answer the following questions related to accounting, thanks Questions: What are the basic steps in the recording process? What is a trial balance and

Please answer the following questions related to accounting, thanks

Questions:

What are the basic steps in the recording process?

What is a trial balance and what are its purposes?

Why do accrual-basis financial statement provide more useful information than cash-basis statements?

What standard classifications are used in preparing a classified balance sheet?

What components of revenues and expenses are different between merchandising and service organizations?

Explain the difference between the terms FOB shipping point and FOB destination?

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