From the following adjusted trial balance titles of a worksheet, identify in which column each account will
Question:
(ID) Income Statement Dr. Column
(IC) Income Statement Cr. Column
(BD) Balance Sheet Dr. Column
(BC) Balance Sheet Cr.Column Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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ATB BS A. Ex Legal Fees B. Accts. Payable C. Cash D. Prepaid Advertising E. Salaries Payable F. Dep. Expense G. V., Capital H. V., Withdrawals I. Computer Supplies J. Rent Expense K. Supplies Payable L. Advertising Expense N. Wages Payable
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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