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Author Question: A purely manual system of record keeping is one in which all records, journals, and ledgers are ... (Read 51 times)

ARLKQ

  • Hero Member
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on: Jul 5, 2018
A purely manual system of record keeping is one in which all records, journals, and ledgers are prepared by hand.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

In the allowance method, the adjustment used to write off an uncollectible account ________.
 
  A) decreases net income
  B) has no effect on net income
  C) reduces total assets
  D) decreases liabilities


SVictor

  • Sr. Member
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  • Posts: 365
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

B


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