After recording year-end adjustments to update account balances, we can verify that the accounting equation...
70.2K
Verified Solution
Link Copied!
Question
Accounting
After recording yearend adjustments to update account balances, we can verify that the accounting equation remains in balance by preparing a list of adjusted account balances. In the first column, we list the balances of asset, expense, and dividend accounts. What account types are listed in the second column?
dividend
liability
asset
expense
equity
revenue
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!