Question: The approach to preparing financial statements based on recognizing revenues when the cash is received and reporting expenses when the cash is paid is called

The approach to preparing financial statements based on recognizing revenues when the cash is received and reporting expenses when the cash is paid is called
Question 19Answer
a.
The operating cycle of a business
b.
The matching principle
c.
Accrual basis accounting
d.
Cash basis accounting
e.
The revenue recognition principle

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