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Need help Asap estion 19 olyet nswered Varked out of When a firm has taken steps to locate and correct all the errors found during
Need help Asap
estion 19 olyet nswered Varked out of When a firm has taken steps to locate and correct all the errors found during an accounting period, then the suspense account would be: 00 Flag question Select one a transferred to the income statement O b. closed off with no balance carried down O c transferred to the statement of financial position O d. posted to the trial balance Question 20 Not yet answered Which of the following would be followed when the principle of a set off is applied in the control accounts? Marked out of 1.00 P Flag question Select one O a. The same amount is Dr in the purchases ledger and Cr in the sales ledger O b. An equal amount must be added to credit sales and credit purchases c There is no balance carried down in sales ledger and the purchases ledger d. No entry is made in the sales ledger and the purchases ledgerStep by Step Solution
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