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Which of the following is a false statement about accrual accounts. Select one: a. Accrual accounts form the foundation of accrual accounting. b. Accrual account
Which of the following is a false statement about accrual accounts. Select one: a. Accrual accounts form the foundation of accrual accounting. b. Accrual account transactions illustrate the Matching Principle. OC Accrual accounts are used to record expenses in the period incurred when cash is disbursed in a different period. . d. Accrual accounts enable companies to recognize revenue and expenses only when cash changes hand
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