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The amounts in the column...... accounting questions 1 The amounts in the Adjustments columns are always added to the amounts in the Trial Balance columns

The amounts in the column...... accounting questions

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1 The amounts in the Adjustments columns are always added to the amounts in the Trial Balance columns to determine the amounts in the Adjusted Trial Balance columns. Select one: O True O False 2 Which of the following is not part of the conceptual framework project? Select one or more: a. Quantitative characteristics. b. Qualitative characteristics. c. Objectives of financial reporting. O d. Basic elements of financial statements. 3 If the Balance Sheet columns do not balance, the error is most likely to exist in the Select one or more: a. General ledger. b. General journal. c. First six columns of the work sheet. d. Last six columns of the work sheet. 4 All accounting systems currently in use are computerized Select one: O True O False

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