The accounting principle that states that, In the preparation of account statements, revenues are recognized as soon as goods is passed on to the customer is the

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Which of the following accounts has credit balance?

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The minimum number of persons required to form a partnership business is

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Cash receipts and payments involving discounts are entered in

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Use the following information to answer the question given : Sales for the year is

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Use the following information to answer the question given : Purchases for the year is

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Which of the following is recorded on the debit side of the Trial Balance?

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A business is treated as being separated from owners. This statement is emphasized by

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The accumulative fund of a non-for-profit making organization is

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Reserves account is kept in the

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Which of the following is a nominal account?

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The double entry principle states that

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