Group 5

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By EyeCatchingSelenite



3 Questions

What is the purpose of the pro-forma entries in the provided text?

What is the impact of the pro-forma entries on the cash balance in the bank?

What should be included in the financial statements regarding the incurrence of the net gain?


Test your knowledge of accounting pro-forma entries with this quiz. Practice recording loans granted and cash transactions, and understand how to reflect gains in the Statement of Activities.

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