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Generally Accepted Accounting Principles (GAP) allow companies to issue final statements, using either the cash basis or the accrual basis of accounting, depending on their
Generally Accepted Accounting Principles (GAP) allow companies to issue final statements, using either the cash basis or the accrual basis of accounting, depending on their needs. True False Adjusting entries are done to make sure that expenses and revenues are recorded in the proper accounting period True False A single journal entry must debit only one account and only one account for same amount so the entry is in balance True False
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