题目
题目
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
Here is a careful analysis of each option regarding accrual accounting, with emphasis on the core principles involved. 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. Under accrual, revenues are recorded when earned and expenses when incurred,......Login to view full explanation

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

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

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