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Chapter 8a - Fill in the blanks

Fill in all the gaps, then press "Check" to check your answers. Use the "Hint" button to get a free letter if an answer is giving you trouble. You can also click on the "[?]" button to get a clue. Note that you will lose points if you ask for hints or clues!

1. Post trial balance adjustments are made to comply with the accruals concept and to ensure that profit is not .

2. The process of counting the stock (inventory) at the end of the accounting period to confirm the actual quantities support the figures recorded in the ledger accounts is known as .

3. In a manufacturing business, stock includes and and .

4. Liabilities not supported by a request for payment at the end of the period are known as .

5. Revenue expenditure made in advance of the accounting period in which the goods or services will be received is known as a .

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