Accountıng I Deneme Sınavı Sorusu #1135911
In which of the following requires 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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Time period concept |
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The revenue recognition principle |
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Adjusting process |
Yanıt Açıklaması:
In cash basis accounting, companies record revenues when they receive the cash and they record expenses when the cash is paid.
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