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What does liquidity mean for accounting purposes? In what order should assets be listed on the balance sheet? Can an account that is not listed

What does liquidity mean for accounting purposes?

In what order should assets be listed on the balance sheet?

Can an account that is not listed in the chart of accounts be used to prepare journal entries? Why or why not?

What does posting to the general ledger mean?

What is the purpose of the trial balance?

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