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15 August, 08:26

Which of the following is used by both internal and external users? A. Chart of Accounts B. Costing Reports C. Trial Balance D. Balance Sheet

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  1. 15 August, 08:32
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    D. Balance Sheet

    Explanation:

    The assets, liabilities, and stockholder equity are reported in the balance sheet. The accounting equation is shown below.

    Total assets = total liabilities + stockholder equity

    The balance sheet debit and credit side should always be matched and balanced.

    In addition, it is always prepared on the date specified.

    Moreover, it also used by both internal and external users to analyze the financial position of the company
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