Accounting MCQ
Accounting
The accounting basis that helps to measure and report revenues and expenses in a way that clearly reflects the ability of a company to generate value for its owners is referred to as:
The accounting basis that helps to measure and report revenues and expenses in a way that clearly reflects the ability of a company to generate value for its owners is referred to as:
The accounting basis that helps to measure and report revenues and expenses in a way that clearly reflects the ability of a company to generate value for its owners is referred to as:
A) Cash-basis.
B) Accrual-basis.
C) Profit-basis.
D) Reporting-basis.
Ch3 answer: B
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