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nting term with the corresponding definition. 1. Accrual accounting 2. Matching principle 3. Revenue recognition principle 4. Fiscal year a. Any consecutive 12-month period
nting term with the corresponding definition. 1. Accrual accounting 2. Matching principle 3. Revenue recognition principle 4. Fiscal year a. Any consecutive 12-month period b. Records the impact of a business event as it occurs, regardless of whether the transaction affected cash c. Records expenses when incurred to sell goods or provide services d. Records revenue when it is earned
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