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1.Bills can be paid when they are received or when they are due. Which features in QuickBooks are used to record receipts and payments? How

1.Bills can be paid when they are received or when they are due. Which features in QuickBooks are used to record receipts and payments? How are cash purchases recorded? Why is the QuickZoom feature important?

2 Describe the matching principles in accounting. How is prepaid expense accounted for? Give an example. What is the difference between cash basis accounting and accrual basis accounting?

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