10. If customers does not pay at the time of sale you must enter it as a
ANS Invoice
11. Once and customer has paid an invoice it goes to
ANS Receive payment
12. Receive payment and sales receipt are followed by
ANS Bank deposit
13. Step 4 of The Accounting Cycle Preparing adjusted entries includes
ANS De- ferrals, Accruals, Missing Transactions, and Tax Adjustments
14. Removing transactions that belong to a different period
ANS Deferral
15. Opposite of deferral. Concern future payments or expenses
ANS Accruals
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