Accounting MCQ Accounting The accounting basis that records revenues when cash is received and expenses when cash is paid is referred to as:

The accounting basis that records revenues when cash is received and expenses when cash is paid is referred to as:

Naim 00:07 Accounting

The accounting basis that records revenues when cash is received and expenses when cash is paid is referred to as:

A) Cash-basis.

B) Accrual-basis.

C) Realization-basis.

D) Reporting-basis.

Ch3 answer: A

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