Which of the following describes a trial balance?
Which of the following describes a trial balance?
It shows all the entries in the books
It reveals the financial position of a business
It is a list of accounting balances on the books
it is a special account
Correct answer is C
No explanation has been provided for this answer.
The business entity concept ...
Which of the following items does not feature in the balance sheet of a club? ...
The total share capital which a company would be allowed to issue is known as ...
The value of the sales ledger control account is derived from the summation of the ...
Given: Fixtures-#30,000 Debtors-#7,000 Stock- #8,000 Creditors-#3,000 Goodwill-#10,000 Deter...
An expenses is said to be revenue in nature if it ...