The Post-Closing Trial Balance Lists the Accounts from the General

question 138

Multiple Choice

The post-closing trial balance lists the accounts from the general ledger in:

• A) alphabetical order.
• B) category order, beginning with assets and ending with expenses.
• C) numerical order.
• D) category order, beginning with assets and ending with owner's equity.

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Definitions:

Battle Of The Forms

A situation in contract law where two parties form an agreement based on differing standard terms and conditions, typically through the exchange of forms like purchase orders and invoices.

Preprinted Forms

Standardized documents containing preset language used in various types of agreements or contracts.

Uniform Commercial Code

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across states.

Mirror-Image Rule

A contractual principle stating that an offer must be accepted exactly without modifications for a valid contract to be formed.