Examlex
Which of the following is considered a physical control?
Trial Balance
An accounting worksheet compiling all ledger balances into debit and credit columns that balance equally.
Debit Balances
The situation where the total debits in an account exceed the total credits, indicating assets or expenses.
Credit Balances
Balances in financial accounts indicating the amount owed by the account holder, often seen in liability and equity accounts.
Salaries Expense
The total amount paid to employees for services rendered during a specific period, recognized in the accounting period in which the employees performed the services.
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