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As Part of the Republican Devolution Effort Known as the Contract

question 23

Multiple Choice

As part of the Republican devolution effort known as the Contract with America,which of the following acts was passed?


Definitions:

Trial Balance

A financial statement listing each account and its balance, used to verify equality of debits and credits.

Withdrawals Account

An account used in bookkeeping to record amounts drawn out by an owner or partner from a business for personal use.

Trial Balance

A bookkeeping worksheet where the balances of all ledgers are compiled into debit and credit account columns to check for accuracy.

Journalizing

The act of entering business transactions into the accounting journal in a systematic manner.

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