An accounting system that records revenues when they are earned and expenses when they are
incurred is known as:
Select one:
a. Cash-based Accounting
b. Accrual-based Accounting
c. None of the choices available
d. Deferral-based Accounting.
An accounting system that records revenues when they are ear.pdf
1. An accounting system that records revenues when they are earned and expenses when they are
incurred is known as:
Select one:
a. Cash-based Accounting
b. Accrual-based Accounting
c. None of the choices available
d. Deferral-based Accounting