Match the Term with Its Definition

question 104

Multiple Choice

Match the term with its definition.
-An accounting method of recording profits when cash is received and recording expenses when they are paid

• A)accrual-basis accounting
• B)cash
• C)cash-basis accounting
• D)depreciable assets
• E)depreciation expense
• F)financial statements
• G)inventory
• H)liquidity
• I)operating profit margin
• J)return on assets
• K)return on equity