Jamal Nazari is doing the accounting for a company that has a December 31 year end. He
Question:
Jamal Nazari is doing the accounting for a company that has a December 31 year end. He is wondering if the heading on its trial balance should read “Year Ended December 31” or just “December 31.” Which one is correct? Explain why.
Step by Step Answer:
The company should use Decem...View the full answer
Principles Of Financial Accounting
ISBN: 9781118757147
1st Canadian Edition
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
Related Video
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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