At the end of an accounting period, an accountant prepares a report that shows all the accounts
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Question:
At the end of an accounting period, an accountant prepares a report that shows all the accounts of the company and their related balances. The balance of each account is listed in either a debit or credit column and each column is totaled to determine if there is an equality of debits and credits. What is the accountant doing?
Preparing a balance sheet
Preparing a trial balance
Posting to the accounts
Journalizing the transactions
Related Book For
Auditing A Practical Approach
ISBN: 9780730382645
4th Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
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