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3 Written questions

3 Multiple choice questions

  1. The percentage relationship between one financial statement item and the total that includes that item
  2. The series of accounting activities included in recording financial information for a fiscal period
  3. accounts used to accumulate information from one fiscal period to the next

2 True/False questions

  1. Post-Closing Trial BalanceA trial balance prepared after the closing entries are posted


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