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  3. Study Set
    Fundamental Accounting Principles Study Set 5
  4. Exam
    Exam 3: Adjusting Accounts and Preparing Financial Statements
  5. Question
    The Cash Basis of Accounting Is an Accounting System in Which
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The Cash Basis of Accounting Is an Accounting System in Which

Question 151

Question 151

True/False

The cash basis of accounting is an accounting system in which revenues are recorded when cash is received and expenses are recorded when cash is paid.

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