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3 Written questions

3 Multiple choice questions

  1. The length of time for which a business summarizes and reports financial information.
  2. The difference between total revenue and total expenses when total expenses is greater.
  3. A columnar accounting form used to summarize the general ledger information needed to prepare the financial statements.

2 True/False questions

  1. income statementA columnar accounting form used to summarize the general ledger information needed to prepare the financial statements.

          

  2. trial balanceThe difference between total revenue and total expenses when total expenses is greater.

          

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