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Control accounts cannot get into a trial balance because that would be tantamount to double entering the figures though individual accounts and then throuhg the trial control accounts.
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∙ 10y ago
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Accounts Payable is considered a on the Trial Balance?
yes, liability accounts are on the trial balance.
Will the post-closing trial balance will generally have fewer accounts than the trial balance?
Yes, it will have less accounts than the trial balance.
On the trial balance sheet AR is what?
AR related to accounts receivable in trial balance sheet of business.
What trial balance will consist of the greatest number of accounts?
all of the trial balance will contain the same number of accounts
If the accounts payable account balance increase on the trial balance?
account payable increase on trial balance
What is a monthly trial balance?
A monthly trial balance is a listing of all the net balances (debit or credit) of all ledger accounts at the end of each month. The trial balance is said to "balance" if the sum of all the debit accounts equals the sum of all the credit accounts.
Where are accounts payable on a trial balance?
Debit
What is the proforma for final accounts?
Trial balance
Which sequence correctly summarizes the accounting process?
1. Journalize transactions, Post to the accounts, Prepare a trial Balance. 2. Post to the accounts, Journalize transactions, Prepare a trial Balance. 3. Prepare a trial Balance, Journalize transaction, Post to the accounts
What is accounts receivable on a trial balance sheet?
Asset- Debit balance
What is a AR considered on a trial balance sheet?
An AR on a Trial Balance sheet is considered as Accounts receivable.
The accounts listed on the trial balance with a credit balance include?
owners capital. revenue and expense accounts
