Revenues are [increases / decreases] in equity during an accounting period. Expenses are [increases / decreases] in

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Revenues are [increases / decreases] in equity during an accounting period. Expenses are [increases / decreases] in equity during an accounting period. Just as revenues in a period are not necessarily the same as cash receipts in that period, the expenses of a period [are / are not] necessarily the same as the cash payments in that period.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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