The Accounting Concepts That Underlie the Accrual System of Accounting

question 1

Multiple Choice

The accounting concepts that underlie the accrual system of accounting are

• A)debits and credits.
• B)revenue recognition and matching.
• C)revenue recognition and debits equal credits.
• D)matching and deferrals.

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Definitions:

Implementation Challenge

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Work Values

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Occupational Areas

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