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Cost accounting multiple choice questions and answers mcqs. The cash basis of accounting records income when collected. Accrual is concerned with expected future cash receipts and payments. When foh is under applied and charged to net profit, the treatment would be. Accounting principle and concepts mcqs test multiple choice. Accounting concepts mcqs going concern expense scribd. A taccount is a way to format accounting transactions that displays debits on the left and credits on the right.
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