Financial Accounting | Study Mode

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Question 3
A
it has columns for debit and credit balances 
B
total of debit balance equals total of credit balance 
C
it is a statement 
D
it is an account 
Explanation.
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Correct Option:
D
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Question 6
A
I, ii, iii and iv 
B
ii, iii, i and iv 
C
iii, i, ii and iv 
D
iv, iii, ii and iv 
Explanation.
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Correct Option:
C
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Question 10
A
1.87 : 1 
B
1 : 1.87 
C
1 : 2 
D
2 : 1 
Explanation.
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No official Explanation yet!


Correct Option:
A
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