Which of the Following Is NOT a Financial Statement but a System

question 112

Multiple Choice

Which of the following is NOT a financial statement but a system to prove the balance of the debits and credits and is a list of each account and its net balance?

• A) practice balance
• B) trial balance
• C) trial ledger
• D) T-account

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Definitions:

Personal Responsibility

The concept of being accountable for one's actions and decisions, acknowledging the consequences they bring.

Customer's Shortcomings

Refers to the limitations or areas of improvement identified in a customer's needs or behaviors.

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Digital tools that facilitate the creation, sharing, and exchange of information, ideas, career interests, and other forms of expression via virtual communities.

Claim

A statement made by a party in a dispute, asserting a right or fact.