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How would respond to intern

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Problem 1: Assume you have been working for a small accounting firm, and you have been tasked with training a new intern. As you are trying to identify the intern's level of knowledge and understanding about debit and credit balances, the intern says, " believe that debit balances are favorable and credit balances are unfavorable; if total debits equal total credits in a trial balance, then it is free of errors." Is the intern correct? Based on this lesson, reflect on how you would respond to the intern.

Reference no: EM132756353

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