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Which of the following is not a response to environmental change?
Cheque
A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or to a specified person.
Accrual Basis of Accounting
A bookkeeping approach that documents income and costs at the time they are accrued, irrespective of the actual timing of cash receipts or payments.
Revenue Recognition
The principle in accounting that dictates the process and timing by which revenue is recorded and recognized on the financial statements.
Payment
The transfer of money or goods in exchange for a product or service.
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