Question: Cash basis accounting is defined as Blank _ _ _ _ _ _ . Multiple choice question. an accounting system that uses the matching principle

Cash basis accounting is defined as Blank______.
Multiple choice question.
an accounting system that uses the matching principle to determine when to recognize revenues and expenses
an accounting system that uses the adjusting process to recognize revenues when earned and expenses when incurred
an accounting system that recognizes revenues when cash is received and records expenses when cash is paid
an accounting system that is consistent with generally accepted accounting principles

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