MCQOPTIONS
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| 1. |
A Balance Sheet tallies; because: |
| A. | it is based on double entry system of accounting |
| B. | it is based on single entry system of accounting. |
| C. | all accounts are computerise d. |
| D. | total of assets equals to the total of liabilities |
| Answer» B. it is based on single entry system of accounting. | |