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Which of the Following Is Included in Both M1 and M2

question 86

Multiple Choice

Which of the following is included in both M1 and M2?


Definitions:

Unearned Items

Revenues received by a company for which the goods or services have not yet been provided or completed.

General Journal

An accounting ledger where all types of transactions are initially recorded.

General Journal

A primary accounting record used to record all types of transactions before they are posted to specific accounts in the general ledger.

General Journal

A primary accounting record used to record all types of accounting transactions before they are posted to individual accounts in the general ledger.

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