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Under which method are revenues and expenses recognized in the same accounting period that cash receipts...

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Accounting

Under which method are revenues and expenses recognized in thesame accounting period that cash receipts and payments occur?

Under the cash basis of accounting
Under the accrual basis of accounting
Under the adjusting method of accounting
Under both the cash and accrual basis of accounting

Answer & Explanation Solved by verified expert
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SolutionUnder which method are revenues and expenses recognizedin the same accounting period that cash receipts and paymentsoccurUnder the cash basis of accountingExplanationCash method is an    See Answer
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