Which of the Following Terms Represents the Two General Types

question 52

Multiple Choice

Which of the following terms represents the two general types of relevant circumstances?

• A)Present circumstances and future contingencies
• B)Present conditions and future contingencies
• C)Present magnitudes and future conditions
• D)Present magnitudes and future contingencies

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Definitions:

Special Journals

Accounting journals designed for recording a specific type of transaction in a more efficient manner, such as sales or purchases journals.