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3 Written questions

3 Multiple choice questions

  1. The difference between total revenue and total expenses when total expenses is greater.
  2. A financial statement that reports assets, liabilities, and owner's equity on a specific date.
  3. A proof of the equality of debits and credit in a general ledger.

2 True/False questions

  1. net incomeThe difference between total revenue and total expenses when the revenue is greater.

          

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

          

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