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estion Completion Status: QUESTION 11 When a cash disbursement in payment of an accounts payable is recorded O the liability account is increased O the
estion Completion Status: QUESTION 11 When a cash disbursement in payment of an accounts payable is recorded O the liability account is increased O the income statement is changed O the cash account is unchanged O the liability account is decreased QUESTION 12 ing for unrecorded liabilities at the end of an accounting period the accountant would search all of the files except the purchase requisition file O the cash receipts file the purchase order file o the receiving report file QUESTION 13 Which steps in the Financial Accounting Process are in the correct sequence? record the transaction, post to the ledger, prepare the acjusted triat palance, enter adjusting entries, prepare financial statements record the t record the tran transaction, prepare the unadjusted trial balance record adjusting journal entries, record closing entries, prepare financial er record adjusting entries prepare the unadjusted trial balance, prepare financial statements
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