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    • Question

      Which principle states that transactions should be

      recorded when they occur, regardless of whether cash has been exchanged or not?
      A Accrual principle Correct Answer Incorrect Answer
      B Matching principle Correct Answer Incorrect Answer
      C Cost principle Correct Answer Incorrect Answer
      D Prudence principle Correct Answer Incorrect Answer

      Solution

      The accrual principle states that transactions should be recorded when they occur, regardless of whether cash has been exchanged or not.

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