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Question 1 7 Which of the following statements is not true? Only accounting events that have matured into accounting transactions must be captured and reported
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Which of the following statements is not true?
Only accounting events that have matured into accounting transactions must be captured and reported by the accounting system
Most accounting transactions result from an organization's daytoday operations.
An accounting system deals primarily with economic events that affect an organization's accounting equation.
Some accounting events may mature into accounting transactions while others may not.
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