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Purchase requisitions are recognized in the accounting records

Purchase requisitions are recognized in the accounting records



TRUE OR FALSE:
1.	When a company receives a product previously ordered, a recordable transaction has occurred.


	2.	When a business hires a new employee, a recordable transaction has occurred.

	

	3.	The valuation issue deals with how the components of a transaction should be categorized.


	4.	In accounting, to recognize means to record a transaction or event.


	5.	Purchase requisitions are recognized in the accounting records.



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Other / Other
29 Apr 2016

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  1. Genius

    Purchase requisitions are recognized in the accounting records

    Purchase requisitions are recognized in the accounting records Purchase req ****** ******
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