For Each of the Following Sentences ,Select the Word or Group

question 129

Short Answer

For each of the following sentences ,select the word or group of words that best completes the statement.
$$\begin{array} { l l l } \text { Matching } & \text { Cash basis } & \text { Measurement } \\\text { Deferred revenue } & \text { Adjustments } & \text { Deferred expense } \\\text { Accrual basis } & \text { Recognition } & \text { Accrued asset }\end{array}$$
-The ____________________ of accounting is a system in which revenues are recognized when payments are received and expenses are recognized when payments are made.

---

Definitions:

Memos

Brief messages typically used in a business setting for internal communication.

Workplace Correspondence

Communication that takes place in a professional setting, often involving emails, memos, letters, and reports.

Netiquette Guideline

Rules and principles for maintaining respectful and polite behavior in online communications.

Memo Components

The essential parts of a memorandum, which may include a header, subject line, body, and closing, structured to convey information clearly and concisely.