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just need answer Question 113 Charming Pete requires his customers to pay for their orders two weeks before shipping the goods. Pete will record the
just need answer
Question 113 Charming Pete requires his customers to pay for their orders two weeks before shipping the goods. Pete will record the cash receipts as: O a. DR Cash at Bank, CR asset account. O b. DR Cash at Bank, CR income account. O c. DR Cash at Bank, CR expense account. O d. DR Cash at Bank, CR liability account. Question 89 The term 'special purpose financial statements' refers to the fact that the information in the reports is: Select one: a. available only to external users who require specialised information. O b. prepared to provide general information for use by internal users only. O C. useful for special purposes but not in making specific decisions. d. prepared for users who have specialised needs and have the authority to obtain the required information. Question 1 Which of the following has been the most influential in redefining the role of accountants as analysts and decision makers rather than as mainly number-crunchers? Select one: a. The increasing demands of society for non-financial information. O b. An increase in business regulations. O C. The development of information and communications technology. O d. The globalisation of business. Question 15 An entity's financial performance is represented by which financial statement? Select one: a. Statement of cash flows. Ob. Income statement. OC. Balance sheet. O d. Statement of changes in equity. Question 107 A collection of all the individual accounts for a particular business is referred to as: O a. the master ledger. O b. the chart of accounts. O c. the computerised accounts. O d. the general ledgerStep by Step Solution
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