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Author Question: ____________________ involves the application of standard review and testing procedures to be ... (Read 175 times)

TVarnum

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___________________ _ involves the application of standard review and testing procedures to be certain that proper accounting policies and practices have been followed.
 Fill in the blank(s) with correct word

Question 2

Explain the difference between accrual basis accounting and cash basis accounting.



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dajones82

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Answer to Question 1

Auditing

Answer to Question 2

Accrual basis accounting reports revenues and expenses in the period in which the event happened regardless of when cash was received. Cash basis accounting reports revenues and expenses when cash is received or paid.




TVarnum

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review


connor417

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Reply 3 on: Yesterday
Excellent

 

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