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f3 > Topic 20 > Flashcards

Topic 20 Flashcards

1
Q

Debit side on Trail balance

A 
P.E.A.D 
purchases
expenses
assets
drawings
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2
Q

Sales + Capital + RE

A

credit side

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3
Q

Trial balance agrees

A

does not confirm that no errors have been made

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4
Q

limitations of trial balance

A
  • does not include final figures
  • does not identify errors of commission
  • does not identify the incorrect account
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f3 (26 decks)

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