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Match the Accounting Transaction to the correct result or definition

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Match the Accounting Transaction to the correct result or definition

Which of the following

transactions will

not result in the recognition of an expense?

The cost of doing

business is also known as

Which of the following is

an example of an accrual?

What is the adjustment

entry for that portion of revenue received in advance which has now been

earned?

Which of the following

transactions will

not result in an increase in revenues?

When expenses exceed

revenues

When a credit sale

takes place,

A net loss results in a

decrease in

Which of the following

is an example of a deferral?

Net income results in a

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