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NJ CALA FInance Questions with complete solution 2023/2024
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NJ CALA FInance Questions with complete solution 2023/2024 Cash Basis Accounting - correct answer Keeping records that shows only income actually received during a fiscal period and only expenses paid during a fiscal year. 
*Record income when cash or check is received 
*Record expense when check is written 
 
Accrual Basis Accounting - correct answer Keeping records that show all income earned during a fiscal period even though it isn't received yet and all expenses incurred during a fiscal pe...
NJ CALA Finance Exam Verified Questions And Answers Already Passed

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NJ CALA Finance Correct 100%
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Cash Basis Accounting - ANSWERKeeping records that shows only income actually received during a fiscal period and only expenses paid during a fiscal year. 
*Record income when cash or check is received 
*Record expense when check is written 
 
Accrual Basis Accounting - ANSWERKeeping records that show all income earned during a fiscal period even though it isn't received yet and all expenses incurred during a fiscal period even though the expenses are not yet paid 
*Record income when a bill is...

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NJ CALA Finance Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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Cash Basis Accounting 
: Keeping records that shows only income actually received during a fiscal period 
and only expenses paid during a fiscal year. 
*Record income when cash or check is received 
*Record expense when check is written 
Accrual Basis Accounting 
: Keeping records that show all income earned during a fiscal period even though 
it isn't received yet and all expenses incurred during a fiscal period even though the 
expenses are not yet paid 
*Record income when a bill is writt...
2024 NJ CALA FINANCE EXAM WITH CORRECT ANSWERS

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NJ CALA FInancequestion n answers graded A+ 2023/2024
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NJ CALA FInanceCash Basis Accounting - correct answer Keeping records that shows only income actually received during a fiscal period and only expenses paid during a fiscal year. 
*Record income when cash or check is received 
*Record expense when check is written 
 
Accrual Basis Accounting - correct answer Keeping records that show all income earned during a fiscal period even though it isn't received yet and all expenses incurred during a fiscal period even though the expenses are not yet pa...
NJ CALA FInance with complete solution
NJ CALA Finance Exam Questions and Answers
NJ CALA FINANCE EXAM QUESTIONS AND CORRECT ANSWERS
NJ CALA EXAM PACKAGE DEAL QUESTIONS & ANSWERS RATED A+

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