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2. A chart of accounts: a listing

Question : 2. A chart of accounts: a listing : 1601

2. A chart of accounts:

is a listing of all the accounts used by a company

include account balances

all of the above

is set up in alphabetical order

3. Which of the following accounts would be increased by a debit?

cash

Capital

fees earned

accounts payable

4. Financial statements that are prepared for a period shorter that a year are called:

interim statements

fiscal year statements

monthly statements

accounting period statements

5. Revenue is traditionally recognized in the accounting records when:

service is rendered

cash is received

none of the above

it is incurred

 

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