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Research reveals that with each school change (from elementary to middle or junior high and then to high school) ,
Documentary Evidence
Written or printed records that are used to support the transactions recorded in the accounting system.
Trial Balance
An accounting report that lists all the balances of each ledger account at a point in time to ensure that debits equal credits as part of the double-entry bookkeeping system.
Adjustments
Modifications made to financial statements to correct errors, account for omitted transactions, or bring the statements in line with Generally Accepted Accounting Principles (GAAP).
Long-term Investments
Assets held for an extended period with the intention of achieving capital gains, dividends, or interest income.
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