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Posted: April 6th, 2024

ow that we know what the accounting equation

Question one:ow that we know what the accounting equation is and what a fiscal year is, what can you tell us about a trial balance? Why do we prepare it? How do we prepare it? And how is it different from a balance sheet?Question two:Between the cash basis and accrual basis, which method provides a better picture of the overall profitability of a company?

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