Examlex
Which of the following statements is TRUE of a server?
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that the total debits equal the total credits in the financial statements.
Erroneous Amount
An incorrect or mistaken quantity or figure in financial or data reports.
Account Balances
The amounts of money present in or owed by an account at any given time.
Retained Earnings
The portion of net income that is not distributed to shareholders as dividends but is kept by the company for reinvestment in its core business or to pay debt.
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