Question 6 The first statement prepared from the adjusted Trial Balance is; O Statement of cash flows Statement of changes in owner's equity Balance sheet Income statement Question 7 The process of recording the transactions in Ledger is called; O Journalizing Posting O Matching Balancing Question 8 Trial Balance is a proof of; O Fundamental accuracy Matching O Arithmetical accuracy O Balancing Question 9 Which balance of the ledger is transferred to Trial Balance? O Credit Balance O Debit Balance O Closing Balance O Opening Balance 0.5 pts Question 10 As per the opening entry if there is a difference between debit and credit balances in a way that debit balance exceeds credit balance it will be addressed as: O Balance o Capital Closing Balance O Creditors