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Recognising an accrual that increases income in one financial reporting period can result in which of the following occurring in later periods? Question 1 7
Recognising an accrual that increases income in one financial reporting period can result in which of the following occurring in later periods?
Question Answer
a
Either a further increase in accruals or a decrease in accruals.
b
A decrease in accruals.
c
A further increase in accruals.
d
None of these choices.
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