Author Question: Why would the accrual basis of accounting be preferable to the cash basis? a. it is easier to ... (Read 94 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
Why would the accrual basis of accounting be preferable to the cash basis?
 
  a. it is easier to keep records on the accrual basis than on the cash basis
  b. it measures performance by comparing inflows and outflows of cash
  c. it ignores the effect of the consumption of assets on the cost of doing business
  d. it measures performance by comparing revenues earned with expenses incurred.

Question 2

Which of the following is notan advantage of a computerized system over a manual system?
 a. Transactions are recorded and posted at the same time.
  b. Accuracy is usually better with a computerized system.
  c. Current balances are always available.
  d. Internal controls are optional to the computerized system.



LegendaryAnswers

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

d

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

For a complete list of videos, visit our video library