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    Survey of Accounting Study Set 7
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    Exam 3: Basic Accounting Systems: Accrual Basis
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    Under the Cash Basis of Accounting, No Adjustments Are Necessary
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Under the Cash Basis of Accounting, No Adjustments Are Necessary

Question 109

Question 109

True/False

Under the cash basis of accounting, no adjustments are necessary prior to the preparation of the financial statements.

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