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Scenario for Discussion You have just finished preparing the Unadjusted Trial Balance for your business. You are relieved to see that your total debits equal
Scenario for Discussion
You have just finished preparing the Unadjusted Trial Balance for your business. You are relieved to see that your total debits equal your total credits.
Does the fact that your total debits equal your total credits mean that all of your account balances are correct?
Why might your account balances be incorrect?
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Intermediate Accounting 2007 FASB Update Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
12th Edition
0470128763, 978-0470128763
