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Which statement is true about ECG paper?
Single-entry Accounting
A simplified accounting method where transactions are recorded with a single entry, typically used by small businesses for tracking income and expenses.
Common-size Statements
Financial statements that present all items as percentages of a common base figure, facilitating comparison between periods or among companies.
Separate Checkbooks
The practice of using different checkbooks for business and personal transactions to ensure accurate financial management.
Ratio Analysis
A financial analytical technique that uses ratios (quantitative relationships) between financial statement items to assess a company's performance and condition.
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