14. The accounting procedure that recognizes revenues and expenses when they are incurred rather than when cash

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14. The accounting procedure that recognizes revenues and expenses when they are incurred rather than when cash is received or spent is known as

a. expense and revenue matching

c. the accounting cycle

b. accrual accounting

d. full disclosure

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Business Finance

ISBN: 9780357532348

1st Edition

Authors: Les Dlabay, James L. Burrow

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