1). The process of verifying that total debits
equal total credits in a columnar joumal is called
(a) Cross footing
(b) Journalizing
(c) Posting
(d) Footing
2) When interest rates go up, prices of fixed
interest bonds
(a) Go up
(b) Go down
(c) Remain unchanged
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Answer:
1.a journalising.
2.b go down
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