Examlex
To move the active cell up one row,press ____.
GAAP
Generally Accepted Accounting Principles; the common set of accounting standards and procedures used in the U.S.
Accrual Basis
The accrual basis of accounting records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.
Cash Basis
An accounting method where revenues are recognized when cash is received, and expenses are recorded when cash is paid.
Debit Portion
The side of an accounting entry that increases asset or expense accounts or decreases liability, equity, or revenue accounts.
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