Group 5

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By EyeCatchingSelenite

Quiz

Flashcards

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?

Description

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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