Question: What is double-entry accounting and what makes it unique? How does net income differ from comprehensive income? Explain and give examples. What is the difference

What is double-entry accounting and what makes it unique?

How does net income differ from comprehensive income? Explain and give examples.

What is the difference between current and noncurrent assets and liabilities?

What is the difference between an unadjusted trial balance, an adjusted trial balance, and a post-closing trial balance. Explain and give examples.

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