Examlex
Which of the following items would be MOST likely to be found on the AIM instrument?
Permanent Accounts
Accounts on the balance sheet whose balances are carried over into the next accounting period.
Post-closing Trial Balance
A list of all company accounts that remain after adjusting entries and closing entries have been made, used to test the balance of debits and credits.
Asset Accounts
Accounts on a balance sheet representing resources owned or controlled by a company with future economic value.
Liability Accounts
Accounts that represent amounts owed to creditors or bills that must be paid in the future, contributing to a company’s liabilities on the balance sheet.
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