The Trial Balance Lists the Accounts

question 20

Multiple Choice

The trial balance lists the accounts

• A) alphabetically.
• B) in the same order as in the ledger.
• C) all debits first and then credits.
• D) all credits first and then debits.

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Definitions:

Autarky Price

is the price of a good in a closed economy that does not engage in international trade, determined solely by domestic supply and demand.

Beef

A type of meat obtained from cattle, widely consumed as a food product.

Tulips

A type of flowering plant known for its bright colors and variety, often associated with the Netherlands.

Exporting Industry

An industry that primarily produces goods or services for consumption outside the domestic market.