5 Questions
What type of trial balance represents the beginning balances of accounts in the next accounting period?
Unadjusted trial balance
What is the total assets at the end of the period?
4,320,000
What is the total liabilities at the end of the period?
1,700,000
What is the total owner's equity at the end of the period?
3,220,000
What is the total revenue for the period?
1,200,000
Test your knowledge of accounting fundamentals with this quiz. From trial balances to adjusting entries, this quiz covers essential concepts to help you understand the basics of accounting.
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