Source documents begin the process of entering transactions in the accounting system

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Source documents begin the process of entering transactions in the accounting system. TRUE

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Asked 9/29/2015 6:10:08 PM

Updated 9/29/2015 6:38:26 PM

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jhennv

Source documents begin the process of entering transactions in the accounting system. TRUE

Added 9/29/2015 6:38:26 PM

This answer has been confirmed as correct and helpful.

Confirmed by Andrew. [9/29/2015 7:19:26 PM], Rated good by Andrew.

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The general ledger is kept to supply management with desired information in summary form. TRUE FALSE.

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Updated 9/30/2015 3:15:49 AM

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jeifunk

The general ledger is kept to supply management with desired information in summary form. TRUE.

Added 9/30/2015 3:15:36 AM

This answer has been confirmed as correct and helpful.

A fiscal year is always the same as the calendar year.

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Question

Updated 9/29/2015 8:02:22 PM

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alfred123

A fiscal year is always the same as the calendar year. FALSE.

Added 9/29/2015 8:02:22 PM

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Confirmed by yumdrea [9/29/2015 9:15:36 PM]

The simplest form of journal is one with four columns. three columns. two columns. one column.

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Updated 9/29/2015 6:30:59 PM

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jhennv

The simplest form of journal is one with TWO COLUMNS.

Added 9/29/2015 6:30:59 PM

This answer has been confirmed as correct and helpful.

Confirmed by Andrew. [9/30/2015 3:44:28 AM], Rated good by Andrew.

The main advantage of a two-column account is that it maintains a running balance. true or false?

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Updated 9/30/2015 3:19:32 AM

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jeifunk

The main advantage of a two-column account is that it maintains a running balance. FALSE.

Added 9/30/2015 3:19:30 AM

This answer has been confirmed as correct and helpful.

The process of copying the debits and credits from the journal to the ledger accounts is known as journalizing. true or fasle?

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Updated 9/30/2015 3:26:45 AM

1 Answer/Comment

Andrew.

The process of copying the debits and credits from the journal to the ledger accounts is known as journalizing. FALSE.

Added 9/30/2015 3:26:45 AM

This answer has been confirmed as correct and helpful.

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