You are watching: If the sum of the debit column equals the sum of the credit column in a trial balance, it indicates
Throughout 2010, Gibkid Company type of assets diminished $50,000 and its liabilities decreased $90,000. Its stockholders" equity:
If a firm receives cash from a customer before perdeveloping services for the customer, then what will happen?
-An account consists of 3 components.-An account has actually a title.-An account has actually a delittle bit and also credit side.
individual audit document of increases and decreases in particular asset, liability, and stockholders" equity items.
-It discloses the complete effect of a transaction in one area.-It provides a chronological record of transactions.-It helps to locate errors bereason the delittle bit and crmodify quantities for each entry have the right to be conveniently compared.
-The date of the transactivity.-A brief explacountry of the transactivity.-The accounts and also amounts to be debited and also attributed.
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Transactions are initially tape-recorded in chronological order in a __________ before they are moved to the accounts.
If the amount of the debit column amounts to the amount of the credit column in a trial balance, it suggests what?
On. Jan. 10, Novis Company kind of purchased production tools for $80,000 cash. What kind of activity is this?
In what section of the statement of cash flows would the purchase of office devices for $10,000 appear?
Ethical Obligations and also Decision-Making in Accounting: Text and also Cases4th EditionRoselyn Morris, Stalso Mintz