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You Have Cut the Range A1:A5,and Want to Paste It

question 21

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You have cut the range A1:A5,and want to paste it to C1:C5.Which of the following statements is true?


Definitions:

Adjusting Entry

Accounting records created at the closing of an accounting cycle to distribute revenues and costs to the period they truly belong.

Interest Revenue

Income earned by an entity from lending money or from investments in interest-bearing assets like bonds, savings accounts, or loans.

Unadjusted Trial Balance

A list of all the ledger accounts with their balances at a specific point in time before any adjustments have been made.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used to verify the equality of debits and credits in the accounting process.

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