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Author Question: The cash basis of accounting recognizes _____ when cash is received and recognizes ______when cash ... (Read 109 times)

luminitza

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on: Jul 6, 2018
The cash basis of accounting recognizes _____ when cash is received and recognizes ______when cash is paid.
 
  Fill in the blanks with correct word

Question 2

Because adjusting entries are recorded on a work sheet, they do not need to be journalized or posted.
  Indicate whether the statement is true or false


maya.nigrin17@yahoo.com

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Reply #1 on: Jul 6, 2018
Answer to Question 1

Revenues, expenses

Answer to Question 2

F


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