1) State whether the following statements are true or false (any ten). 2) Match the following items from column A with column B (any ten).
Understand the Problem
The question is asking to determine the validity of specific financial statements, as well as to match items from two columns related to financial accounting. This covers various aspects of financial accounting principles and practices.
Answer
1) True/False: 1-F, 2-T, 3-F, 4-T, 5-F, 6-T, 7-F, 8-T, 9-F, 10-T. 2) Matching: 1-l, 2-b, 3-a, 4-d, 5-m, 6-g, 7-e, 8-f, 9-k, 10-j.
- True/False answers:
- False
- True
- False
- True
- False
- True
- False
- True
- False
- True
- Matching items:
- l
- b
- a
- d
- m
- g
- e
- f
- k
- j
Answer for screen readers
- True/False answers:
- False
- True
- False
- True
- False
- True
- False
- True
- False
- True
- Matching items:
- l
- b
- a
- d
- m
- g
- e
- f
- k
- j
More Information
Understanding basic accounting principles is crucial for answering these types of questions correctly.
Tips
Carefully read each statement and understand accounting terminologies. Ensure understanding of terms like contingent liabilities and capital reduction.
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