need help with homework questions asap centralgatech.blackboard.com -FINAN. Appl

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need help with homework questions asap

centralgatech.blackboard.com -FINAN. Apply Winged Eyeliner Like a QUESTION 4 The work sheet is a working paper that accountants can use to summarize adjusting entries and the account balances for the financial statements. True False QUESTION 5 All companies must use a calendar year as their fiscal year False QUESTION 6 It is not necessary to post the closing entries to the general ledger. True False QUESTION 7 Real accounts are not permanent accounts. True False QUESTION 8 Assets, liabilities, and owner's capital are real accounts and do not get closed at the end of the period. True

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Qtn 4 TRUE The work sheet is a working paper that accountants can use to summarize adjusting entries and the account balances for the financial statement Qtn 5 FALSE It is not necessary that all companies must use a calender year as fiscal year Qtn 6 FALSE It is must to post all closing entries in general ledger, after that only trial balance can be prepared Qtn 7 FALSE Real account is an account dealing with the material assets of a business, such as its property

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