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General Ledger Accounts Assignment

Author:
February 19th, 2020

After all adjusting entries are posted, the balances of the general ledger accounts should match the amounts shown in the Adjusted Trial Balance section of the worksheet.

true or false

Current assets are usually listed on a balance sheet in order of liquidity.]

true or false

Which of the following accounts is not closed?

Multiple Choice

  • Sales.
  • Capital.
  • Depreciation Expense.
  • Purchase Discounts.
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