September 2023 2 What are the three major business activities in which accountants play a major role Give an example of each

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2 What are the three major business activities in which accountants play a major role Give an example of each 2023

2. What are the three major business activities in which accountants play a major role? Give an example of each. 4. What is double-entry bookkeeping? Give a brief example. 5. List the four major financial statements. Which financial statements are permanent and which are temporary? 6. What is the difference between a current asset and a long-term asset? Why is cash typically listed first on a balance sheet? 8. What is accrual accounting? Give an example of how accrual accounting affects a firm ’s financial statement.

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