Cash basis accounting records revenues only when cash is received and expenses only when cash is paid O Book value is depreciation is the sum of all depreciation expense .recorded to date for a depreciable assets O O An accrued expense is an expense that a company has incurred but not yet paid O O A worksheet is an internal document that helps summarize data for the preparation of the financial statements O Assets include Accounts Payable, Notes Payable, Accrued Liability, and Unearned Revenue O O