What is the Accounting Term to Describe the following type of Accounting Transaction ? Cash...
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Accounting
What is the Accounting Term to Describe the following type of Accounting Transaction ? Cash is exchanged before any Good or Services is Used or Provided.
Group of answer choices
*Deferral
*Cash Basis
*Revenue
*Expense
*Prepaid
*Accrual
*Depreciation
Operating Income Less Other Income and Expenses will Equal ?
Cost of Good Sold
Gross Profit
Retained Earnings
Income Before Income Taxes
Net Income
Answer & Explanation
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