In an expenditure cycle diagram, which of the following is an example of an event that larger organizations might want to include in their extended REA model?

Depreciation helps keep the accounting equation in balance by matching the expense of a liability with the revenue that liability is expected to generate

Indicate whether the statement is true or false

An auditor for Krupts, Inc. wants to know what caused Cash to increase by $1,000 on January 3, 2011. The best place to look in the accounting system is the ________

A) adjusted trial balance B) postclosing trial balance C) journal D) unadjusted trial balance