The order of the flow of accounting data is (1) record in the ledger, (2) record in the journal, (3) prepare the financial statements.
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Q62: The totals at the bottom of the
Q63: Accounts
A) do not reflect money amounts
B) are
Q64: Even when a trial balance is in
Q65: The erroneous arrangement of digits, such as
Q66: A trial balance determines the accuracy of
Q67: Revenue should be recognized when
A) cash is
Q68: A proof of the equality of debits
Q70: Posting a transaction twice will cause the
Q72: A group of related accounts that make
Q76: If the trial balance is in balance,
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