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Accrual accounting is an accounting concept that states ____. A. All revenue is recorded when the cash is received B. Revenues and expenses are recorded
Accrual accounting is an accounting concept that states ____.
A. | All revenue is recorded when the cash is received | |
B. | Revenues and expenses are recorded in the period the cash was expended | |
C. | Revenues and expenses are recorded in the period expenses were incurred to generate the revenue | |
D. | None of these |
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