Question

1-Journal is the process before
2- Accounting equation is used to make all liabilities equal to all assets and capital. (True/false)
3- what are the main classes of liabilities.
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Answer 1

Answer:

1. Ledger (Journal - Ledger - Trial Balance -- )

2. True. ( Equity +Liability = Total Assets)

3. Current Liabilites, Non current Liability / Long Term Liabilities.

Explanation:

Answer 2

Answer:

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