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A business owes an employee for function carried out for the duration of The existing accounting interval. The quantity owed is $600. This sum will not be compensated until the following accounting period. In the current period, exactly what is the effects of the celebration on cash flow?
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On the final day from the thirty day period, a business gets its electric powered utility bill for the current thirty day period. The organization utilizes the accrual way of accounting for all transactions. What is the influence on cash and money as a result of the arrival of the Monthly bill?
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