You are the chief accountant of a service business company and you are preparing the trial...

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You are the chief accountant of a service business company and you are preparing the trial balance for the end of January 2022. You have unbalanced entries on debit and credit side. What do you think accounts for such imbalance? How would you go about achieving balance between the debit and the credit sides? What would you do to avoid such a situation again in the future? You are the chief accountant of a service business company and you are preparing the trial balance for the end of January 2022. You have unbalanced entries on debit and credit side. What do you think accounts for such imbalance? How would you go about achieving balance between the debit and the credit sides? What would you do to avoid such a situation again in the future?

Answer rating: 100% (QA)

The cause of the imbalance between the debit and credit sides is likely due to an ... View the full answer