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3 Written questions

3 Multiple choice questions

  1. A trial balance prepared after the closing entries are posted
  2. The series of accounting activities included in recording financial information for a fiscal period
  3. Journal entries used to prepare temporary accounts for a new fiscal period

2 True/False questions

  1. StakeholdersJournal entries used to prepare temporary accounts for a new fiscal period

          

  2. Adjusting EntriesJournal entries recorded to update general ledger accounts at the end of a fiscal period