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Exam of 1 pages for the course Cpa at Cpa (Qwerty)

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CPA Financial Accounting Revision Notes

Topic 1: Double Entry Principle - Every transaction has a debit and a credit.

Topic 2: Accounting Equation - Assets = Liabilities + Capital.

Topic 3: Trial Balance ensures total debits equal total credits.

Sample Questions:

1. Which is an asset? Answer: Cash.

2. Accounting equation? Answer: Assets = Liabilities + Capital.
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