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  3. 1. list the five major steps in the accounting cyc

1. List the five major steps in the accounting cycle in their proper order. 2....

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Accounting

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1. List the five major steps in the accounting cycle in their proper order. 2. Define the term fiscal year. 3. Provide three examples of source documents that underlie business transactions. 4. Provide an example of a transaction that would: a. Increase one asset account but not change the amount of total assets. b. Decrease an asset account and a liability account. c. Decrease an asset account and increase an expense account. d. Increase an asset account and a liability account

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