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Which of the following is not applicable to the cash basis of accounting? Financial transactions are entered immediately into the accounts when they happen. Financial
- Which of the following is not applicable to the cash basis of accounting?
- Financial transactions are entered immediately into the accounts when they happen.
- Financial transactions are entered into the accounts only when cash is received or handed over by the business.
- This type of accounting is mainly used by small firms.
- None of the above.
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