What accounting method is Dave using if he reports $300 of income and $50 of fuel expenses

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What accounting method is Dave using if he reports $300 of income and $50 of fuel expenses after mowing Edith's lawn? Edith has been billed for the service but has not paid Dave yet.

The accrual method of accounting.

The constructive method of accounting.

The cash method of accounting.

The hybrid method of accounting.

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Financial Accounting and Reporting

ISBN: 978-0273744443

14th Edition

Authors: Barry Elliott, Jamie Elliott

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Posted Date: Nov 10, 2022 02:05 AM

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What accounting method is Dave using if he reports $300 of income and $50 of fuel expenses

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Answer Option1 is the correct answer The accrual method of accounting ... View the full answer

Financial Accounting and Reporting

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