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A Trial Balance Can Still Balance Even If an Entry

question 50

True/False

A trial balance can still balance even if an entry is posted to the wrong account.


Definitions:

Patent

A government-granted exclusive right to an inventor, allowing them to prevent others from making, using, or selling their invention for a certain period.

Takeover Bid

In corporate law, the offer to buy the voting stock of a corporation.

Friendly Suitor

An entity or person who proposes a takeover or merger that is welcomed by the target company's board.

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