The accounting system based on recognizing income (revenues) when money (cash) is received and reporting expenses (expenses)
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Question:
The accounting system based on recognizing income (revenues) when money (cash) is received and reporting expenses (expenses)
when money (cash) is paid, is known as Select one:
a. Operating cycle accounting.
b. Current basis accounting.
c. Accrual basis accounting. ooooo
d. Cash basis accounting. and. Revenue recognition accounting. Clear my choice
Related Book For
Business research methods
ISBN: 978-1439080672
8th Edition
Authors: William G Zikmund, Barry J. Babin, Jon C. Carr, Mitch Griff
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