Since the net loss decreases the owner’s capital, the net loss will be shown in the Balance Sheet () column. Hints: fill the blank with the accounting direction and the first letter should be in upper case.
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The ordering of accounts in a trial balance typically follows their identification number
The entries that transfer the ending balances of temporary accounts are called ().
The accounts listed on the balance sheet can be named as () because the balances of such accounts will be carried forward from year to year.
The revenue and expense accounts are exteneded to or flow into the () columns. Hints:every first letter should be in upper case in the end-of-period spreadsheet.