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Describe Accrual Accounting and give three business transactions impacting revenue or expense but not cash. Also explain the matching concept and give three business transactions
Describe Accrual Accounting and give three business transactions impacting revenue or expense but not cash. Also explain the matching concept and give three business transactions and describe how it demonstrates the matching concept. Lastly, explain what the general journal and general ledgers are and give an example of two general journal entries and how it would be posted to the general ledger.
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