Solved: Revenues-general expenses-depreciation expense, Accounting Basics

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Revenues-general expenses-depreciation expense

Problem: The given areas could be deceiving parts of the income statement:

1) Revenues

2) General Expenses

3) Depreciation Expense

Think of reasons why the above three items might be recorded on the income statement, but possibly no cash transactions.

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Accounting Basics: Revenues-general expenses-depreciation expense

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