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The trial balance: A. includes all accounts with a balance in the ledger. B. includes assets, liabilities, capital, withdrawals, revenues and expenses. C. ensures that
The trial balance:
A. includes all accounts with a balance in the ledger. | |||||||||||||||
B. includes assets, liabilities, capital, withdrawals, revenues and expenses. | |||||||||||||||
C. ensures that debits equal credits. | |||||||||||||||
D. All of these answers are correct.
The general journal entry to record the purchase of an asset on account would include:
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