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When an account balance is not affected by an adjusting entry, the amount shown in the
Trial Balance columns is extended directly to the Adjusted Trial Balance columns.
SUTA tax payments vary among states but are usually required on a quarterly basis.
The effect of drawing transactions on the capital account is formalized at any time
during the accounting period.
Depreciation matches the cost of an asset against the revenues it will produce.
The matching of assets and expenses of a business on a periodic basis is referred to as
the matching concept.
The steps involved in accounting for all the business activities during an accounting
period are known as the ____________________.
