Special journal entries are
A) all posted at the end of the accounting period
B) posted either daily or monthly depending on the accounts used
C) all posted daily
D) recorded in addition to the same information being recorded in a general journal
B
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After closing entries are posted to the accounts in the general ledger, all asset and liability accounts have a balance of zero.
Answer the following statement true (T) or false (F)
It is more costly to create a more realistic simulation than one that is less realistic
Indicate whether the statement is true or false.
Which of the following tend to signal that stock prices are likely to rise in the future?
I. Employment increases after several months of recession. II. Interest rates are low compared to the recent past. III. Major market indexes have just reached record highs. IV. Housing starts increase after several months of decline. A) I and II only B) II and III only C) I, II and IV only D) I, II, III and IV
Generally, leases longer than a year must be in writing
Indicate whether the statement is true or false