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  2. Topic
    Business
  3. Study Set
    Century 21 Accounting
  4. Exam
    Exam 21: Accruals, Deferrals, and Reversing Entries
  5. Question
    Accounting Procedures Require That Revenue and Expenses Be Recorded in the Accounting
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Accounting Procedures Require That Revenue and Expenses Be Recorded in the Accounting

Question 11

Question 11

True/False

Accounting procedures require that revenue and expenses be recorded in the accounting period in which revenue is earned and expenses are incurred.

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