Question: PLEASE DO IT BY TPYE NOT PICS QUESTION 1 One purpose of a trial balance is to prove that debits and credits are equal in

PLEASE DO IT BY TPYE NOT PICS

QUESTION 1

One purpose of a trial balance is to prove that debits and credits are equal in the general ledger.

True

False

QUESTION 2

Basic stockholders' equity consists of common stock and the earnings retained in the business.

True

False

QUESTIOB 3

Debit always means

A.

the right side of an account.
B.

an increase.
C.

a decrease.
D.

the left side of an account

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