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The CEO of Reliable Petroleum Limited, Peter Lakra, was weak in finance. On the last day of the year i.e.,

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The CEO of Reliable Petroleum Limited, Peter Lakra, was weak in finance. On the last day of the year i.e., 31st March, he stood before the CFO & accounts department demanding that the firm give the financial statements of the company without any delay (being the last day). The CFO was not able to comply with this request of CEO. Which of the following could be a strong reason for the CFO to defend his decision?

(a) Computers not working on the last working day

(b) Creating Primary Accounting Records

(c) Creating Adjustment Entries

(d) None of the above

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Related Book For  answer-question
Financial Accounting For Management

Financial Accounting For Management

ISBN: 9789385965661

4th Edition

Authors: Neelakantan Ramachandran, Ram Kumar Kakani

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Question Details
Chapter # 5- Accounting Records
Section: Multiple Choice Questions
Problem: 1
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Question Posted: August 26, 2023 03:42:47
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