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  3. Study Set
    Practical Financial Management Study Set 1
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    Exam 2: Financial Background: a Review of Accounting Financial Statements and Taxes
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    The Process of Totaling All of the Transactions for a Recent
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The Process of Totaling All of the Transactions for a Recent

Question 70

Question 70

Multiple Choice

The process of totaling all of the transactions for a recent period and bringing a company's records up to date is referred to as:


A) closing the books.
B) double entry.
C) ending the period.
D) starting over.

Correct Answer:

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