Which of the Following Defines Accrual Accounting System

question 90

Multiple Choice

Which of the following defines accrual accounting system?

• A) Measures the cost of replacing an employee.
• B) Provides the appropriate information to the external community.
• C) Records transactions when money is either received or spent.
• D) Provides information to the management of a business and aids in internal controls.
• E) Records transactions when they occur.

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Definitions:

Equally

With uniformity, without difference; being the same in quantity, size, degree, or value.

Individualistic

Pertaining to an outlook or philosophy that emphasizes the importance of the individual and their autonomous decision-making over collective goals.

Collectivistic

Describing cultures or societies that prioritize the group over the individual, often emphasizing community, cooperation, and interdependence.

Self-Esteem

An individual's subjective evaluation of their own worthiness and value.