badatmathmate93451 badatmathmate93451

04-01-2021
Business

contestada

The cash basis of accounting is acceptable primarily in enterprises that do not have substantial credit transactions or inventories.
a) true
b) false

Respuesta :

05-01-2021

Answer:

a) true

Explanation:

Cash basis of accounting is the recognition of transactions when the cash is paid or received not when they occur or incur. When an entity does not have substantial credit transactions or inventories it is convenient for them to use the cash basis since these credit transactions do not happen frequently.

Answer Link

Otras preguntas

A 40 g super ball strikes a wall with a velocity of 10 m/s that is normal to the wall it bounces away at a velocity of 7 m/s so normal to the wall what is the b

Because of its typical climate pattern, ranchers who graze cattle on the northern plateau anxiously await ________ each year.

I need to know how to do the work

Factors that affect the elasticity of demand for labor include all of these except:

When caregivers openly accept children's feelings, this aids in?

Symbols are often difficult to understand because they are abstract

What would go wrong if a cell did not replicate its DNA before beginning mintosis?

According to festinger social comparison theory, people often form judgments about their traits and abilities by comparing themselves to others. according to th

Melinda and Marcus are saving money to purchase a present for a friend. Each friend starts with an amount and also saves a specific amount each week. Melind

What are the main factors that influence blood alcohol concentration? Select all that apply. A. Amount of alcohol consumed B. Which type of alcohol is consu