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Select the One Term That Best Fits Each Definition

Question 3

Multiple Choice

Select the one term that best fits each definition
-A list of accounts used by a business.


A) accounting system
B) accrual basis of accounting
C) adjusting entries
D) balance sheet
E) chart of accounts
F) closing entries
G) creditor
H) expense
I) posting
J) income statement
K) permanent accounts
L) revenue
M) T account
N) temporary accounts
O) trial balance

Correct Answer:

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