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Select the One Term That Best Fits Each Definition

Question 2

Multiple Choice

Select the one term that best fits each definition
-A proof of the equality of debits and credits in a general ledger.


A) accounting system
B) accrual basis of accounting
C) adjusting entries
D) balance sheet
E) chart of accounts
F) closing entries
G) creditor
H) expense
I) posting
J) income statement
K) permanent accounts
L) revenue
M) T account
N) temporary accounts
O) trial balance

Correct Answer:

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