题目内容

Closing entries are made before the preparation of financial statements. ()

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The cash basis of accounting commonly results in financial statements that are less comparable from period to period than the accrual basis()

Prepaid expenses are liabilities. ()

A net loss occurs when revenues exceed expenses. ()

A trial balance prepared after adjustments have been recorded is called a() : ()

A. Classified balance sheet.
B. Adjusted trial balance.
C. Unadjusted trial balance.
D. Post-closing trial balance.