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Author Question: Entries required to close the balances of the temporary accounts at the end of the period are called ... (Read 108 times)

jace

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on: Jul 5, 2018
Entries required to close the balances of the temporary accounts at the end of the period are called final entries.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

The information generated from the accounting system of a governmental-type fund
 
  a. is budget oriented
  b. measures profitability
  c. measures operational efficiency
  d. is intended for use only by legislators


lucas dlamini

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

False

Answer to Question 2

a


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