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Under the accrual basis : A) An entry to record the payment of a supplier invoice for goods received last month. B) Firms recognize revenues
Under the accrual basis : A) An entry to record the payment of a supplier invoice for goods received last month. B) Firms recognize revenues when control of a good or service passes to the customer and expenses when incurred. C) An entry to record deposits received from a customer for services to be provided next year
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