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Under the accrual basis : A) Firms recognize revenues when control of a good or service passes to the customer and expenses when incurred. B)

Under the accrual basis :


A) Firms recognize revenues when control of a good or service passes to the customer and expenses when incurred. 


B) An entry to record the payment of a supplier invoice for goods received last month. 


C) An entry to record deposits received from a customer for services to be provided next year

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