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When Preparing Visual Aids, the Basic Design Principle of Repetition

question 15

Multiple Choice

When preparing visual aids, the basic design principle of repetition means

Differentiate between permanent and temporary accounts and their roles in accounting.
Understand the preparation and significance of adjusting entries, including their effects on financial statements.
Recognize the importance of and process for closing temporary accounts at year-end.
Understand the purpose and process of preparing reversing entries.

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