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3 Written Questions

3 Multiple Choice Questions

  1. The difference between total revenue and total expenses when the revenue is greater.
  2. A proof of the equality of debits and credit in a general ledger.
  3. A financial statement showing the revenue and expenses for a fiscal period.

2 True/False Questions

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

          

  2. fiscal periodA proof of the equality of debits and credit in a general ledger.

          

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