题目
题目

MCD2150 Accounting for Managers - Trimester 2 - 2025

单项选择题

Which of the following statements is correct regarding accrual accounting?

选项
A.a. Income and expenses are only recorded in the period when the cash is received or paid, rather than in the period when actual transactions occurred.
B.b. Income and expenses are only recorded in the period in which occur, rather than in the period when cash is received or paid.
C.c. Incomes are only recognised in the period when cash is received and expenses are only recognised in the period when they occurred.
D.d. Incomes are only recognised in the period when they occur and expenses are only recognised in the period when cash is paid.
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标准答案
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思路分析
Question restatement: Which statement correctly describes accrual accounting? Option a: 'Income and expenses are only recorded in the period when the cash is received or paid, rather than in the period when actual transactions occurred.' This describes cash-basis accounting, not accrual accounting, so it is incorrect for accrual. Option b: 'Inc......Login to view full explanation

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Which of the following is true with respect to accrual accounting?

Schneider Incorporated had salaries payable of $60,900 and $91,000 at the beginning and end of the year, respectively. During the year, Schneider recorded $622,000 in salaries expense in its income statement. Cash outflows for salaries during the year were:

Molly's Auto Detailers maintains its records on the cash basis. During the year, Molly's collected $72,800 from customers and paid $20,100 in expenses. Depreciation expense of $3,900 would have been recorded on the accrual basis. Over the course of the year, accounts receivable increased $5,900, prepaid expenses decreased $1,700, and accrued liabilities decreased $1,200. Molly's accrual-basis net income was:

Which method will allow you to book lower expenses, over longer periods of time?

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