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Wherein,
5 is the highest, meaning you have the knowledge in the question and 1 is the lowest, meaning you have
no knowledge at all
Questions: 1 2 3 4 5
1. You can identify the transactions given to you.
2. You can record transactions in journal.
3. You can post the transactions in general ledger.
4. You can prepare financial statements.
5. You can adjust the trial balance.
6. You can prepare balance sheet.
7. You can prepare income statement.
8. You can prepare statement of cash flows.
9.
Check the corresponding answer according how satisfied you are in Accountancy, Business and
Management strand.