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    Financial Accounting Study Set 19
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    Exam 3: The Accounting Cycle: End of the Period
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    Under Cash-Basis Accounting,we Record Revenues at the Time We Receive
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Under Cash-Basis Accounting,we Record Revenues at the Time We Receive

Question 54

Question 54

True/False

Under cash-basis accounting,we record revenues at the time we receive cash and expenses at the time we pay cash.

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