Financial statements include?
A. Balance sheet
B. Trial balance sheet
C. Statement of profit or loss
D. Cash statement
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Which ones are included by liabilities?
A. Notes payable
B. Rent revenue
C. Accounts payable
D. Taxes payable
Which ones are included by revenue?
A. Fees earned
B. Commissions revenue
C. Rent revenue
D. Accounts receivable
Accounting errors are
A. Incorrect entry
B. Transposition error
C. Single entry error
D. Statement error
The purpose of the trial balance is to:
A. assist in transaction analysis
B. assist in the preparation of the financial statements
C. check the accuracy of the ledger or journal entries.
D. assist in record transaction