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JillBear
Dec 11, 2006, 09:18 AM
Under the modified cash basis of accounting most revenues and expenses are recognized on the cash basis. Which one of the following items is an exception to this accounting rule?

a: supplies
b: professional fees
c: rent
d: advertisement

Curlyben
Dec 11, 2006, 09:21 AM
Please refer to this Announcement (https://www.askmehelpdesk.com/finance-accounting/announcements.html)