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Which of the following accounts is least likely to be used in the cash basis of accounting? A) Accounts Payable B) Supplies Expense C) Office
Which of the following accounts is least likely to be used in the cash basis of accounting?
A) Accounts Payable
B) Supplies Expense
C) Office Equipment
Common Stock
2. Which task will an accountant most likely perform to ensure revenues and expenses are properly matched?
1. Prepare financial statements.
2. Count inventory.
3. Record adjusting entries.
4. Reconcile petty cash.
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