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Select the Choice That Describes the Type of Transaction and Whether

Question 85

Short Answer

Select the choice that describes the type of transaction and whether it should be recorded in the accounting system. (Choices may be used more than once.)
a.External event to be recorded as a transaction
b.Internal event to be recorded as a transaction
c.Event which should not be recognized in the accounting system
-A bill is received for the current month's utilities.

Correct Answer:

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