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For Each of the Following Sentences ,Select the Word or Group

question 129

Short Answer

For each of the following sentences ,select the word or group of words that best completes the statement.
 Matching  Cash basis  Measurement  Deferred revenue  Adjustments  Deferred expense  Accrual basis  Recognition  Accrued asset \begin{array} { l l l } \text { Matching } & \text { Cash basis } & \text { Measurement } \\\text { Deferred revenue } & \text { Adjustments } & \text { Deferred expense } \\\text { Accrual basis } & \text { Recognition } & \text { Accrued asset }\end{array}
-The ____________________ of accounting is a system in which revenues are recognized when payments are received and expenses are recognized when payments are made.


Definitions:

Phenotype

The observable characteristics or traits of an organism, resulting from the interaction of its genotype with the environment.

Visible Structure

The physical or organizational form of something as it appears to the naked eye.

Organism's

Refers to any individual living entity, from single-celled microorganisms to plants and animals, including humans.

Observable Characteristics

Traits or features that can be seen or measured directly.

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