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    Core Concepts of Accounting
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    Exam 3: The Mechanics of Double-Entry Bookkeeping
  5. Question
    Under the Accrual Basis of Accounting, Businesses Generally Record Transactions
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Under the Accrual Basis of Accounting, Businesses Generally Record Transactions

Question 7

Question 7

True/False

Under the accrual basis of accounting, businesses generally record transactions only if those transactions involve cash.

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