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8

Accounting

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8. The purpose of accrual accounting is to measure the amounts of cash received and paid during the period. * (1 Puan) True False

9.

Closing entries by income summary.

Debit Revenue, Debit Expense.

Credit Revenue, Credit Expense, Credit Dividends.

Debit Revenue, Credit Expense.

Debit Revenue, Credit Expense, Credit Dividends.