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    Exam 4: Adjusting the Accounts and Preparing Financial Statements
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    An Account That Is Always Deducted from a Related Account
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An Account That Is Always Deducted from a Related Account

Question 41

Question 41

Multiple Choice

An account that is always deducted from a related account is known as a:


A) contra account.
B) temporary account.
C) carrying account.
D) negative account.

Correct Answer:

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