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1. Which account does NOT require an adjusting entry? Unearned Revenue Accrued Expenses Prepaid Expenses None of these choices 2. What is the accounting principle

1. Which account does NOT require an adjusting entry? Unearned Revenue Accrued Expenses Prepaid Expenses None of these choices

2. What is the accounting principle that requires the matching of revenues and expenses?

Revenue recognition concept

Matching concept

Accrual basis

Cash basis

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