Record the payment using a accrual-basis accounting and b
Question - A company pays $1,200 on account for supplies purchased last month. All supplies were used last month. Record the payment using (a) accrual-basis accounting and (b) cash-basis accounting.
Why is the amount recorded $700.00?
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question - a company pays 1200 on account for supplies purchased last month all supplies were used last month record
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