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    Financial Accounting IFRS Study Set 1
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    Exam 4: Completing the Accounting Cycle
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    Both Correcting Entries and Adjusting Entries Always Affect at Least
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Both Correcting Entries and Adjusting Entries Always Affect at Least

Question 245

Question 245

True/False

Both correcting entries and adjusting entries always affect at least one statement of financial position account and one income statement account.

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