A City in Botswana Is an Area with at Least

question 78

True/False

A city in Botswana is an area with at least 1000 people and a population density of at least 400 people per square kilometre; in the USA, a city is an agglomeration of 5000 or more people where at least 75 per cent of the economic activity is non-agricultural.

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Definitions:

Adjusted Trial Balance

A financial statement listing all accounts and their balances after adjusting entries have been made, ensuring the total debits equal total credits.

Close Revenue

The process of transferring the balances of all revenue accounts to the income summary account at the end of an accounting period.

Expense Accounts

Accounts used in accounting to record all expenses a company incurs during a specific period.

Adjusted Trial Balance

An adjusted trial balance is a listing of all company accounts that will appear in the financial statements after adjusting entries have been made for the accounting period.