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What is the difference between accrual and deferral

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Reference no: EM132381992

Question

What is the purpose of adjusting entries? What is the difference between accrual and deferral? What is the reason for using accrual basis accounting?

What is revenue recognition principle? Explain with example.

What is matching principle? Explain with example.

The response paper should be in APA format, double spaced, hand-written, numbered pages, with a cover page and references.

Reference no: EM132381992

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