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What is the end product of the accounting process what do

Question -

1. Why the left-hand side of an accounts. True or False? Please explain.

2. What is the end product of the accounting process?

3. What do we mean when we say that a transaction analysis chart is a teaching device?

4. What are the five step of the transaction analysis chart?

5. Why are there no debit or credit columns on financial statements?

6. Compare the financial statements prepared from the expanded accounting equation with those prepared from atrial balance.

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