Principles of Accounting
12th Edition
ISBN: 9781133626985
Author: Belverd E. Needles, Marian Powers, Susan V. Crosson
Publisher: Cengage Learning
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Accounts receivable: 395, Accounts payable:145
Which of the following is an example of an accrual?A) Paying cash for rentB) Recognizing revenue when it is earned, not when it is receivedC) Buying inventory on accountD) Paying for utilities in the month they are consumed
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