Which of the following statements about accrual accounting is NOT true?<\/p>
Judgements made by accountants affect profit.<\/p>
The financial statements include estimates.<\/p>
Transactions are recognised at the time when revenue and expenses occur.<\/p>
The impact of transactions on the financial statements is recognised when the cash is received or paid.<\/p>", "transcribed_text": "", "related_book": { "title": "Managerial Accounting", "isbn": "1118548639, 9781118800713, 1118338448, 9781118548639, 1118800710, 978-1118338445", "edition": "2nd edition", "authors": "Charles E. Davis, Elizabeth Davis", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/281.jpg", "uri": "\/textbooks\/managerial-accounting-2nd-edition-281", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8850885427", "uri": "\/textbooks\/finding-the-positives-taking-a-moment-to-appreciate-the-good-in-your-life-1st-edition-979-8850885427-372173", "name": "Finding The Positives Taking A Moment To Appreciate The Good In Your Life", "edition": "1st Edition" }, "question_posted": "2024-06-17 03:08:50", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-August-28", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/forcedconvection-heat-transfer-in-flow-between-parallel-plates-fig-10b7", "description": "Forced-convection heat transfer in flow between parallel plates (Fig. 10B.7), a viscous fluid with temperature-independent physical properties is in fully developed laminar flow between two flat...", "stars": 3 }, { "url": "\/study-help\/systems-analysis-design\/powerworld-simulator-case-problem-360-duplicates-example-313-except-that-1308707", "description": "PowerWorld Simulator case Problem 3_60 duplicates Example 3.13 except that a resistance term of 0.06 per unit has been added to the transformer and 0.05 per unit to the transmission line. 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