Multiple Choice
Generally accepted accounting principles requires that companies use the ____ of accounting.
A) cash basis
B) deferral basis
C) accrual basis
D) account basis
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q19: On March 1, a business paid $3,600
Q20: What effect will this adjusting journal entry
Q21: A company pays an employee $3,000 for
Q25: For each of the following, journalize the
Q27: Data for an adjusting entry described as
Q41: What is the purpose of an adjusted
Q47: If the debit portion of an adjusting
Q99: At year-end, the balance in the prepaid
Q123: The estimated amount of depreciation on equipment
Q128: The net income reported on the income