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yellowdog130Lv1
11 Dec 2019
Which of the following is true of accrual basis accounting and cash basis accounting?
a. Accrual accounting records revenue only when it is earned
b. Accrual accounting is nor allowed under GAAP
c. Cash basis accounting records all transactions
d. All of the above are true
Which of the following is true of accrual basis accounting and cash basis accounting?
a. Accrual accounting records revenue only when it is earned
b. Accrual accounting is nor allowed under GAAP
c. Cash basis accounting records all transactions
d. All of the above are true
Lelia LubowitzLv2
7 Apr 2020