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minaebied minaebied
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________ is an accounting method in which revenue is recorded when payment is received and an expense is recorded when money is paid.

▸ Accrual basis

▸ Profit basis

▸ Cash basis

▸ Depreciation

▸ Deferral basis
Textbook 

Business in Action


Edition: 9th
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Zigdog4400Zigdog4400
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Cash basis

Cash basis is an accounting method in which revenue is recorded when payment is received and expense is recorded when cash is paid. Checking account is a simple cash-based accounting system in this case.

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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Smart ... Thanks!
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Brilliant
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