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C_TB1200_10 · Question #65
C_TB1200_10 Question #65: Real Exam Question with Answer & Explanation
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Question
What is a requirement for a profit and loss account?
Options
- AThe balance has to be carried forward from one fiscal year to the next fiscal year.
- BIt must be set as a cash account.
- CThe balance has to be cleared at the end of each fiscal year.
- DIt must be located in the first three drawers of the chart of accounts.
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