Question
Which of the following is NOT a characteristic of a cash accounting system? A. Affords tax management flexibility. B. Records transactions when money actually changes
Which of the following is NOT a characteristic of a cash accounting system?
A. Affords tax management flexibility.
B. Records transactions when money actually changes hands.
C. Accounts for all inventory adjustments during the year.
D. Is generally considered easier than an accrual accounting system.
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
3rd Canadian edition
1-119-40285-5, 111940276X, 978-1119566007
