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Consider the following reaction sequence.
-Why must carbohydrates, fats and proteins be broken down into small molecules?
Trial Balance
A summary listing of the titles and balances of accounts in the ledger.
Drawing Account
An account used to record amounts withdrawn by the owner of a business for personal use.
Closing Entry
Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent ones, preparing for the next period.
Pre-closing Trial Balance
A financial report listing all the account balances in the general ledger before adjusting entries are made for the preparation of financial statements.
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