Explain how a trial balance and a balance sheet differ. Explain why the term debit doesn't always mean "increase" and why the term credit doesn't always mean "decrease." What are footings in accounting? How are the three financial statements shown in this chapter connected? What is a compound entry? List two reasons why the debits and credits in the trial balance might not balance. Give an example of a slide and an example of a transposition. Explain how you might decide whether an error is a slide or a transposition. What do we mean when we say that capital, drawing, revenue, and expense account s are under the umbrella of owner's equity