help pelase! thanks in advance

Current Attempt in Progress Under the accrual basis of accounting: cash must be received before revenue is recognized. events that change a company's fnancial statements are recognized in the period they occur rather than in the period in which cash is paid or recelved. the ledger accounts must be adjusted to reflect a cash basis of accounting before financial statements are prepared under generally accepted accounting principles. net income is calculated by matching cashoutflows against cash inflows. Attempts: 0 of 1 used