The list of balances in all the accounts remaining after the income and expense accounts have been
Question:
The list of balances in all the accounts remaining after the income and expense accounts have been closed by transfer of their balances to the Statement of income is called:
(a) The List of balances
(b) The Trial Balance
(c) The Statement of financial position
(d) Statement of affairs
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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