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What is the purpose of the accrual basis of accounting? Multiple Choice Match assets with liabilities during the proper accounting period. Recognizing revenue when it
What is the purpose of the accrual basis of accounting?
Multiple Choice
Match assets with liabilities during the proper accounting period.
Recognizing revenue when it is earned and expenses when they are incurred, regardless of when cash changes hands.
Recognize revenue when it is collected from customers.
Recognize expenses when cash disbursements are made.
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