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1. ___________________ is the term used to describe a book of original entry where transactions are recorded in chronological order. 2. Accrual accounting refers to

1. ___________________ is the term used to describe a book of original entry where transactions are recorded in chronological order.

2. Accrual accounting refers to the convention of reporting revenue in the period revenue is considered to be _______________ and expenses in the period they are considered to be incurred.

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