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3 Written questions

3 Multiple choice questions

  1. Changes recorded on a work sheet to update general ledger accounts at the end of the fiscal period.
  2. The difference between total revenue and total expenses when the revenue is greater.
  3. The difference between total revenue and total expenses when total expenses is greater.

2 True/False questions

  1. work sheetA financial statement that reports assets, liabilities, and owner's equity on a specific date.

          

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

          

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