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    Business
  3. Study Set
    Accounting For Managers Interpreting
  4. Exam
    Exam 3: Recording Financial Transactions and the Principles of Accounting
  5. Question
    The Statement of Financial Position Comprises the Following Groups of Accounts
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The Statement of Financial Position Comprises the Following Groups of Accounts

Question 20

Question 20

Multiple Choice

The Statement of Financial Position comprises the following groups of accounts:


A) Income, Expenses and Equity
B) Assets, Liabilities and Equity
C) Income and Expenses
D) Assets and Liabilities

Correct Answer:

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