assignmentcafe.com – . Define “trial balance” and indicate the source of its monetary balances./2022

assignmentcafe.com –

Describe the purpose and structure of a journal entry.

 

Identify the purpose of a journal.

 

. Define “trial balance” and indicate the source of its monetary balances.

 

. Prepare journal entries to record the effect of acquiring inventory, paying salary, borrowing money, and selling merchandise.

 

. Define “accrual accounting” and list its two components.

 

. Explain the purpose of the revenue realization principle.

 

 Explain the purpose of the matching principle.