Answer to Question #96908 in Other for Joshua

Question

1.Which of the following is not true about Trial Balance?
a.It has no openings and closing balances
b.It is not an account
c.It is not part of double entry
d.It contains elaborate entries in all accounts in the ledger

2.The owner\'s equity in a business is called
a.Liability
b.Asset
c.Capital
d.Drawings

Answer 1

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