9
answers
0
watching
224
views
11 Dec 2019
Which of the following statements about accrual-basis accounting is true?
a. Accrual-basis accounting recognizes revenues when they are received in cash.
b. Accrual-basis accounting is optional under generally accepted accounting principles.
c. Accrual-basis accounting recognizes expenses when they are incurred.
d. Accrual-basis accounting follows the fiscal year assumption.
Which of the following statements about accrual-basis accounting is true?
a. Accrual-basis accounting recognizes revenues when they are received in cash.
b. Accrual-basis accounting is optional under generally accepted accounting principles.
c. Accrual-basis accounting recognizes expenses when they are incurred.
d. Accrual-basis accounting follows the fiscal year assumption.
4 Jul 2023
papayaprofessorLv10
5 Sep 2022
Already have an account? Log in
aayushacharya007Lv10
11 Aug 2022
Already have an account? Log in
learn4lifeLv10
7 Aug 2022
Already have an account? Log in
glorysoft2Lv10
5 Aug 2022
Already have an account? Log in
Jamar FerryLv2
7 Feb 2020
Already have an account? Log in