What is the difference between causation and cash accounts

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Reference no: EM133377567

1. What is the difference between causation and cash accounts?

2. Define and present a simple example of a Balance Sheet, Income Statement and Cash Flow.

3. Explain and state what current assets and fixed or long-term assets consist of.

4. Explain and state what current and long-term liabilities consist of.

Reference no: EM133377567

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