Multiple Choice
Under which of the following methods of accounting is an expense recorded when it is incurred, regardless of when cash is paid?
A) Cash
B) Accrual
C) Deferral
D) Receivable
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q21: Under the cash-basis method of accounting, an
Q22: of the following categories does not show
Q23: accrued expense is an expense that:<br>A) the
Q24: basic interim accounting period is one year.
Q25: adjusting entry required for unearned revenue consists
Q27: Under which of the following methods of
Q28: "Matching" in accounting means to make an
Q29: Which of the following are differences in
Q30: What type of account is Salary payable
Q31: Under the accrual method of accounting, service