To Finish History When You Are Using Only the General

question 27

Multiple Choice

To finish history when you are using only the general journal -

• A)you can hide all modules and work in the Classic view
• B)you must hide all modules except Company
• C)you must hide all the modules that have essential linked accounts
• D)you do not need to hide the unused modules

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Definitions:

Adjusted Trial Balance

A list of all the accounts of a company, showing their balances after adjustments, used to prepare financial statements.

Balance Sheet

A financial statement that presents a company's financial position at a given point in time, showing assets, liabilities, and shareholders' equity.

Adjusting Entries

Journal entries made at the end of an accounting period to update accounts for accruals and deferrals not captured during the period.

Adjusted Trial Balance

A financial statement that shows the balances of all accounts, including those adjusted, at the end of an accounting period.