Under cash basis accounting, an expense is recorded only when cash is paid.

H3Ko

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7 years ago

Under cash basis accounting, an expense is recorded only when cash is paid.

Under cash basis accounting, an expense is recorded only when cash is paid.
A) True
B) False

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

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Mrgo-breed

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H3Ko Author

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7 years ago

I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right

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Mrgo-breed

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7 years ago

I'm liking this Slight Smile

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