Which type of adjustment occurs when cash is either collected or paid, but the related income or
Question:
Which type of adjustment occurs when cash is either collected or paid, but the related income or expense is not reportable in the current period?
A. Accrual
B. Deferral
C. Estimate
D. Cull
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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