Question: Under which accounting method are proceeds from borrowing treated as a non-revenue source rather than a liability, resulting in no long-term liabilities being recorded? Question

Under which accounting method are proceeds from borrowing treated as a non-revenue source rather than a liability, resulting in no long-term liabilities being recorded?

Question 4 options:

modified accrual accounting

This is true for all accounting methods

cash accounting

full accrual accounting

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