Question: Explain the difference between acerual and eash accounting. Explain the following concepts, and give an erample in your own woris: Revenue recognition pinciple Prepaid account

Explain the difference between acerual and eash accounting.
Explain the following concepts, and give an erample in your own woris:
Revenue recognition pinciple
Prepaid account
Uneamed account
Explain the difference between acerual and eash accounting. Explain the following

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