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Exercise 1 True and False Questions mention if the statements below are TRUE...

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Accounting

Exercise 1 True and False Questions mention if the statements below are TRUE or FALSE

  1. The most important element of the fraud triangle is rationalization.
  2. In order to prevent a transaction from being recorded more than once, a company should maintain only one book of original entry.
  3. Other income and expense excludes revenues and expenses that are unrelated to the companys main line of operations.

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