An Accounting Supervisor Informs a College Co-Op Student to Record

question 12

Multiple Choice

An accounting supervisor informs a college co-op student to record sales even though the customers will pay in the future.What kind of accounting does the company use?

• A) cash-basis
• B) accrual-basis
• C) revenue-basis
• D) sales-basis

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Definitions:

Typology

A classification system used for categorizing things according to shared qualities or characteristics.

Conformist

An individual who follows or adheres to established standards, norms, or values, often prioritizing harmony within a group.

Role-Based

Pertains to actions, behaviors, or decisions made based on the defined duties and responsibilities associated with a specific position or role.

Relational-Based

refers to approaches or strategies that emphasize the importance of relationships, interpersonal connections, and social bonds in achieving desired outcomes.