financial statements . ledger . file cabinets . Multiple Choice Question 88 The usual sequence of steps in the transaction recording process is : analyze→ journal → ledger . journal→ ledger → analyze . ledger→ journal → analyze . journal→ analyze → ledger . Multiple Choice Question 50
Which one of the following represents the expanded basic accounting equation ?
+ Common Stock + Retained Earnings + Dividends – Revenue – Expenses .
Assets + Dividends + + Common Stock + Retained Earnings + Revenues .
Assets – Liabilities – Stock + Retained Earnings + Revenues – Expenses .
+ Expenses – Liabilities . Multiple Choice Question 133
A trial balance may balance even when each of the following occurs except when