Accountıng I Deneme Sınavı Sorusu #1313669
Which one of the following is the basis that companies record revenues when they receive the cash and they record expenses when the cash is paid.
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Cash basis accounting |
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Accrual basis accounting |
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Cost basis accounting |
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Profit basis accounting |
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Loss basis accounting |
Yanıt Açıklaması:
In cash basis accounting, companies record revenues when they receive the cash and they record expenses when the cash is paid. Cash basis accounting records only cash transactions—cash receipts and cash payments.
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