When Accounts Do Not Appear on the Unadjusted Trial Balance

question 101

True/False

When accounts do not appear on the unadjusted trial balance but are needed to post adjustments, they are simply added to the Account Title column.

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Definitions:

Fast-growing Companies

Firms that exhibit higher-than-average rates of growth in earnings, revenue, or market share.

Balanced Funds

Mutual funds that invest in a mix of asset classes, typically stocks and bonds, to provide a balance between risk and return.

Unit Investment Trust

An investment company that offers a fixed portfolio of securities in a one-time public offering, and is structured to provide a specific investment objective.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used to calculate the price of a share in a mutual fund or an ETF.