4. Which of the following best describes the recognition of revenue and expenses. ...
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Accounting
Which of the following best describes the recognition of revenue and expenses. A Recognise revenue when they are earned and not when cash is received. B Accrue expenses when they are incurred, despite cash not being paid yet. C Do both A and B D Do none of the above
Which of the following best describes the recognition of revenue and expenses.
A Recognise revenue when they are earned and not when cash is received.
B Accrue expenses when they are incurred, despite cash not being paid yet.
C Do both A and B
D Do none of the above
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