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Which of the following is true of a trial balance? O The assets must equal...

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Accounting

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Which of the following is true of a trial balance? O The assets must equal the liabilities. The total dollar amount of the debits must equal the total dollar amount of the credits. The revenues must equal the expenses. The number of debit accounts must equal the number of credit accounts. Which of the following is NOT A TRUE statement when describing Generally Accepted Accounting Principles? O Generally Accepted Accounting Principles require the accrual basis of accounting. Match expenses with revenues in the period when the company makes efforts to generate those revenues. O Expenses are recorded in the accounting period in which the cash was paid for those expenses. O Recognize revenue in the accounting period in which the performance obligation is satisfied

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