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Which of the Following Is NOT True About the Abbreviation

question 33

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Which of the following is NOT true about the abbreviation CAT?


Definitions:

Expense Accounts

Accounts used in accounting to record all expenses a company incurs during a specific period.

Adjusted Trial Balance

An adjusted trial balance is a listing of all company accounts that will appear in the financial statements after adjusting entries have been made for the accounting period.

Income Statement

A financial statement that shows a company's revenue and expenses over a specified period, leading to the net income or loss for the period.

End-Of-Period Spreadsheet

A tool used in accounting to summarize account balances and adjustments at the end of an accounting period, aiding in the preparation of financial statements.

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