The T Account Balances for the Accounts of Rya's Planning

question 43

Essay

The T account balances for the accounts of Rya's Planning Services as of January 31,2016 are listed below. Using the information given for Rya's Planning Services,create a Trial Balance as of January 31,2016.

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Definitions:

Financial Accounting Standards Board

An independent organization responsible for establishing accounting and financial reporting standards for companies and non-profit organizations in the United States.

Private Sector

The private sector comprises businesses and organizations not owned or operated by the government, typically focused on profit-making objectives.

FASB Membership

Individuals who serve on the Financial Accounting Standards Board, the organizaiton responsible for setting accounting standards in the United States.

CPAs

CPAs (Certified Public Accountants) are qualified accountants who have passed the CPA examination and met additional state certification and experience requirements.