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11 Dec 2019
Which of the following is not a characteristic of the accrual basis of accounting?
a. Revenues and expenses are reported in the period in which cash is received or paid
b. Revenues are reported in the income statement in the period in which they are earned
c. Supports the matching concept
d. All are correct.
Which of the following is not a characteristic of the accrual basis of accounting?
a. Revenues and expenses are reported in the period in which cash is received or paid
b. Revenues are reported in the income statement in the period in which they are earned
c. Supports the matching concept
d. All are correct.
Jean KeelingLv2
7 Apr 2020