What statement is true? a. The accrual principle records revenue only when cash is received...
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Accounting
What statement is true?
a. The accrual principle records revenue only when cash is received and records expenses only when cash is paid.
b. The worksheet is prepared at the start of the accounting period.
c. Only nominal accounts are contained in a post closing trial balance.
d. The adjusted trial balance provides the basis for the preparation of the financial statements
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