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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 3: Adjusting Accounts and Preparing Financial Statements
  5. Question
    Under the Cash Basis of Accounting, No Adjustments Are Made
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Under the Cash Basis of Accounting, No Adjustments Are Made

Question 224

Question 224

True/False

Under the cash basis of accounting, no adjustments are made for prepaid, unearned, and accrued items.

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