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QUESTION 83 Debit means increase and credit means decrease for all accounts. O True False QUESTION 84 A debit entry always increases an account. True
QUESTION 83 Debit means increase and credit means decrease for all accounts. O True False QUESTION 84 A debit entry always increases an account. True False QUESTION 85 A company's fiscal year must correspond with the calendar year. True False QUESTION 86 The accrual basis of accounting recognizes revenues when cash is received from customers, regardless of when the goods or services are provided. O True O False QUESTION 87 The accrual basis of accounting recognizes expenses when cash is paid. O True O False
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