Match each definition with its related term by entering the appropriate letter in the space provided. Definition

Match each definition with its related term by entering the appropriate letter in the space provided.

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Definition Term 1. Accrual basis accounting A. Record expenses when incurred in earning 2. Expense recognition principle revenue. B. Record revenues when or as work is done, not 3. Revenue recognition principle 4. Cash basis accounting necessarily when cash is received. C. Record revenues when received and expenses when paid. D. Record revenues when or as work is done, and expenses when incurred.