Accountıng I Deneme Sınavı Sorusu #1181800

Which is incorrect information about accrual-basis accounting?

Companies record revenues when they perform services.

Matching principle is one of the principles of accrual basis accounting.

Companies record expenses when they perform services.

Time period concept is one of the principles of accrual basis accounting.

Companies record revenues when they receive the cash.

Yanıt Açıklaması:

The correct answer is question E. In cash basis accounting, companies record revenues when they receive the cash and they record the expenses when the cash is paid.

PAYLAŞ:

SORUNUN CEVABI: E

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