The totals of the Adjusted Trial Balance columns verify the equality of the totals of the debit and credit balances after ().
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Know the cultural differences or etiquette when you have business partners from a difKnow the cultural differences or etiquette when you have business partners from a different country.()
Net income () the owner’s equity, Capital, for the period.
If at the end of an accounting period there is a debit balance in the income summary account, this means that the revenue has exceeded the expense.()
The cash flow statement shows the relationship of net income to changes in cash balances. Cash balances can decline despite positive net income and vice versa.