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Describe four of the accounting principles

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Questions -

Q1. Describe four of the accounting principles and assumptions and provide an example for each principle and assumption you describe.

Q2. In this course, we covered journal entries.

A. What is a journal entry? Why is it important?

B. Give two examples of business transactions that require recording a journal entry, and write the journal entry for each transaction.

Q3. What is the difference between accrual basis and cash basis in accounting? Give an example.

Reference no: EM132847043

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