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3 Cards in this Set
- Front
- Back
- 3rd side (hint)
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What is an account balance
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this is the difference between the total of the debit and the total of the credit side
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What is the trial balance
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This is a list of all the debit and credit balances taken from the balanve sheet
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The Acronyms
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L E A D
Losses Expenses Assets Drawings and Debtors C L I P Capital Liabilities Income Profit and Provisions |
LEAD and CLIP
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