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Accounting

1. How does accrual basis accounting differ from cash basis accounting?

2. What is deferred revenue?

3. What is accrued revenue?

4. What are deferred expenses?

5. What are accrued expenses?

6. What is interest and how is it computed?

7. Explain the difference between liabilities and expenses.

8. Name two common deferred expenses.

9. What does it mean to recognize revenue?

10. How does matching relate to accruals and deferrals?

11. What is depreciation?

12. Why is depreciation necessary?

13. What is working capital and what does it indicate?

14. What is the quick ratio and what does it measure?

15. What risks are associated with the financial accounting records?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91608613

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