Question
Which of the following is NOT true concerning cash basis accounting? a. Does not follow GAAP. b. Records revenue when cash received. c. Matches expenses
Which of the following is NOT true concerning cash basis accounting?
a. Does not follow GAAP.
b. Records revenue when cash received.
c. Matches expenses with the revenues they help to produce.
d. Records expenses when cash is paid.
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds
6th Edition
78110890, 978-0078110894
