Management Accounting Multiple Choice Questions and Answers

management accounting multiple choice questions

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Here is a sample management accounting multiple choice questions:

Which of the following is true about the double entry system?

a. Each transaction should be entered into two accounts in the ledger.

b. Each transaction involves two persons/parties.

c. Each transaction involves a debit entry and a corresponding credit entry in the ledger.

d. The total debits should be equal to the total credits.

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Management Accounting Multiple Choice Questions and Answers
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