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What are the the main classifications of accounts

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Question 1: What are the the main classifications/types of accounts?

Option 1: Income statement accounts
Option 2: Balance sheet accounts
Option 3: Revenues and expenses
Option 4: Assets, liabilities, equity, revenues, expenses

Question 2: Which of the following is a proper listing of the four general-purpose financial statements?

Option 1: Profit Statement, Pro Forma Balance Sheet, Direct Cost Statement, Summary of Capital Stock
Option 2: Statement of Financial Position, Profit & Loss Statement, Statement of Retained Earnings, Ending Bank Statement
Option 3: Balance Sheet, Income Statement, Statement of Owners' Equity, Statement of Cash Flows
Option 4: Balance Sheet, Income Summary, Cash Budget, Statement of Retained Earnings

Reference no: EM132944185

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