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    Fundamental Accounting Principles
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    Exam 3: Adjusting Accounts for Financial Statements
  5. Question
    The Account Format of the Balance Sheet Matches the Accounting
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The Account Format of the Balance Sheet Matches the Accounting

Question 190

Question 190

True/False

The account format of the balance sheet matches the accounting equation. Assets are on the left side of the statement. Liabilities and equity are on the right side of the statement.

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