Adjusting Entries Are NOT Necessary If the Trial Balance Debit

question 36

True/False

Adjusting entries are NOT necessary if the trial balance debit and credit columns balances are equal.

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Definitions:

Intranet

A private network accessible only to an organization's staff, often used to share information, operational systems, and computing services within the organization.

Suppliers

Businesses or individuals that provide goods or services to other businesses or consumers, usually in a B2B (business-to-business) context.

Customers

Individuals or entities that purchase goods or services from a company or business.

Firewall

Limits data transfers to certain locations and log system use so that managers can identify attempts to log on with invalid passwords and other threats to a system’s security.