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3 Written questions

3 Multiple choice questions

  1. accounts used to accumulate information until it is transferred to the owner's capital account
  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. Adjusting EntriesJournal entries recorded to update general ledger accounts at the end of a fiscal period


  2. Stakeholdersany persons or groups who will be affected by an action