The matching principle matches cash receipts and cash disbursements.
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Q21: Cash-basis accounting does NOT record:
A)purchase of supplies
Q23: The expense recognition principle recognizes expenses in
Q32: On July 25,Henry Company's accountant prepared a
Q34: On November 1,2014,a company using accrual-basis accounting
Q35: The revenue principle states that revenue should
Q36: In the retail industry,revenue is recognized under
Q38: On December 15,2015,a company receives an order
Q39: The revenue principle requires that a business
Q41: If deferred revenue has been earned by
Q42: On June 1,2014,Starbucks paid the rent of
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