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for each of the following statements indicate if the statement is true or false. I your answer book you need only write the number of the question and then st

for each of the following statements indicate if the statement is true or false. I your answer book you need only write the number of the question and then st

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q.1.1 For each of the following statements indicate if the statement is true or false. In your answer book you need only write the number of the question and then state true or false e.g., Q.1.1.6 - True. Questions where more than one answer are given will not be marked. Q.1.1.1 Direct deposits are an example of an adjusting difference Q.1.1.2 Bank charges are an example of a timing difference Q.1.1.3 Interest on overdraft is an example of a timing difference Q.1.1.4 Debit order is an example of an adjusting difference Q.1.1.5 Bank understates a deposit on the bank statement is an example of a timing difference TRUE FALSE
Transcribed Image Text:Q.1.1 For each of the following statements indicate if the statement is true or false. In your answer book you need only write the number of the question and then state true or false e.g., Q.1.1.6 - True. Questions where more than one answer are given will not be marked. Q.1.1.1 Direct deposits are an example of an adjusting difference Q.1.1.2 Bank charges are an example of a timing difference Q.1.1.3 Interest on overdraft is an example of a timing difference Q.1.1.4 Debit order is an example of an adjusting difference Q.1.1.5 Bank understates a deposit on the bank statement is an example of a timing difference TRUE FALSE
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