Which of the following gives the correct sequence of accounting
process? A) Ledger, trial balance, journal, financial statements.
B) Financial statements, trial balance, ledger, journal. C)
Journal, ledger, trial balance, financial statements. D) Financial
statements, journal, ledger, trail balance.
2. If your trial balance has a higher debit balance than credit
balance, it signifies A) assets are more than liabilities. B) a
profit. C) a loss. D) an error has been made.
3. The accounting principle of offsetting revenue with...