on 17 General-purpose financial statements are the product of ed out of question Select one: a. financial accounting b. managerial accounting c. both financial and managerial accounting. d. neither financial nor managerial accounting n 18 The debit and credit analysis of a transaction normally takes place when the entry is posted to the ledger d but of Select one: True question False 119 The income statement is useful for helping to assess the risk or uncertainty of achieving future cash flows out of Select one: O True question False