True/False
The business or professional person using the cash basis of accounting takes the view that there is no revenue until it is received in such a form that it can be spent.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q79: Match the terms with the definitions.<br>-The amount
Q80: Accumulated Depreciation-Delivery Equipment is an example of
Q81: The Income Statement columns of a work
Q82: Jan Olsen is a lawyer specializing in
Q83: The cash basis of accounting is used
Q85: The _ is a method of accounting
Q86: It is not necessary to post adjusting
Q87: The expected market value or selling price
Q88: Under the _ principle,assets are recorded at
Q89: _ are assets of a durable nature