financial accounting

Which of the following supports the accrual basis of accounting? revenue recognition concept, cash concept, mathcing concept, or revenue recognition and matching concepts?

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  1. 1. For each of the following items, indicate whether its amount (i) affects the bank or book side of a bank reconciliation and (ii) represents an addition or a subtraction in a bank reconciliation:
    a. Outstanding checks d. Unrecorded deposits g. Bank service charges
    b. Debit memos e. Interest on cash balance
    c. NSF checks f. Credit memos
    2. Which of the items in part 1 require an adjusting journal entry?

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