The cash basis of accounting records revenues and expenses when the cash is exchanged while the accrual
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Question:
The cash basis of accounting records revenues and expenses when the cash is exchanged while the accrual basis of accounting Select one:
a. records revenues when they are earned and expenses when they are paid
b. records revenues and expenses when they are incurred.
c. records revenues and expenses when the company needs to apply for a loan.
d. records revenues when cash is received and expenses when they are incurred.
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