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1.) What are the types of accrual entries that can be made, list and describe. 2.)...

1.) What are the types of accrual entries that can be made, list and describe.
2.) What account is NEVER in an accrual entry and why.
3.) Pay special attention here as this material is in your course project for milestone 2.

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Answer #1

Answer1- Answer 2 - Cash A/c is the account which does not follows the rule of accrual, because it is only debited and credited when there is actually a cash receipt and payment, respectively.

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