3. What account will not be found in the trial balance of a company using cash basis of accounting? A. sales B. accrued expenses C. insurance expense D. depreciation expense E. answer not given
3. What account will not be found in the trial balance of a company using cash basis of accounting? A. sales B. accrued expenses C. insurance expense D. depreciation expense E. answer not given
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 6MC: Which of these accounts would not be present in the closing entries? A. Utilities Expense B. Fees...
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3. What account will not be found in the
cash basis of accounting?
A. sales
B. accrued expenses
C. insurance expense
D.
E. answer not given
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