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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 total expenses is greater.
  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. fiscal periodThe length of time for which a business summarizes and reports financial information.