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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