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Select the One Term That Best Fits Each Definition

Question 20

Multiple Choice

Select the one term that best fits each definition
-An entry recording revenue before the cash is received, or an expense before the cash is paid.


A) accrual
B) accrued interest expense
C) accrued expenses
D) deferral
E) deferred expenses
F) deferred revenue
G) reversing entry

Correct Answer:

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