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The steps involved in handling all of the transactions and events completed during an accounting period, beginning with placing data in a book of original entry and ending with a post-closing trial balance, are referred to collectively as the accounting cycle. (Points : 3) True False
s
TRUE. The steps involved in handling all of the transactions and events completed during an accounting period, beginning with placing data in a book of original entry and ending with a post-closing trial balance, are referred to collectively as the accounting cycle. [ ]
chamlin|Points 90|
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Asked 5/27/2014 11:24:57 PM
Updated 5/27/2014 11:44:56 PM
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This answer has been confirmed as correct and helpful.
Edited by jeifunk [5/27/2014 11:44:55 PM], Confirmed by jeifunk [5/27/2014 11:44:56 PM]
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