When using the accrual-basis of accounting for the month of November, sales on account were $1,000.00 and the purchase of one year of insurance for $600.00 would result in the Profit & Loss report showing a___________

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The Answer of When using the accrual-basis of accounting for the month of November, sales on account were $1,000.00 and the purchase of one year of insurance for $600.00 would result in the Profit & Loss report showing a___________

When Using the Accrual-Basis of Accounting for the Month of November